5 Beginning three months from now, you want to be able to withdraw $3,000 each quarter from your bank account to cover college expenses over the next four years. If the account pays .57 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? Input area: Quarterly withdrawal Periods per year Number of years Interest rate per quarter Output area: $3,000 Amount needed today 4 4 (Use cells A6 to B9 from the given information to complete this question. Your answer should be a positive value.) 0.57%

Beginning three months from now, you want to be able to withdraw $3,000 each quarter from your bank account to cover college expenses over the next four years. If the account pays .57 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years? Input area: (Use cells A6 to 89 from the given information to complete this question. Your answer should be a positive value.)