A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits at the end of each 3-month period for 10 years, and if interest is paid at 14%, compounded quarterly, what size deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary avuity O annuity due (6) Solve the problem. (Round your answer to the nearest cent.) Need Help? Read it To testir Jane Adele deposits $1400 in an account at the beginning of each month period for 10 years. If the account pays interest at the rate of 8%, compounded quarterly, how much will she have in her account after 10 years? (a) state whether the problem relates to an ordinary annuity or an annuity due ordinary alty annuity due (6) Solve the problem. (Round your answer to the nearest cont.) Grandparents plan to open an account on their grandchild's birthday and contribute each month until she goes to college. How much must they contribute at the beginning of each month In an investment that pays 11%, compounded monthly if they want the balance to be $160,000 at the end of 18 years? (a) state whether the problem relates to an ordinary annuity or an annuity due ordinary annuity annully due (b) solve the problem. (Round your answer to the nearest cent.) the end of A sinking fund is established by a working couple so that they will have $60,000 to pay for part of their daughter's education when she enters college. If they make deposits each 3-month period for 16 years, and of interest is paid at 14%, compounded quarterly, what size deposits must they make? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity O annuity due (b) Solve the problem. (Round your answer to the nearest cent.) $ Jane Adele deposits $1.400 in an account at the beginning of each 3-month period for 10 years. If the account pays Interest at the rate of 8%, compounded quarterly, how much will she have in her account after 10 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. ordinary anty O annuity due (b) Solve the problem. (Round your answer to the nearest cont.) Grandparents plan to open an account on their grandchild's birthday and contribute each month until she goes to college. How much must they contribute at the beginning of each month in an Investment that pays 11%, compounded monthly, if they want the baland to be $160,000 at the end of 18 years? (a) state whether the problem relates to an ordinary annuity or an annuity due O ordinary annuity O annuly due (b) solve the problem. (Round your answer to the nearest cent)