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Beginning three months from now, you want to be able to withdraw $1,500 each quarter from your bank account to cover college expenses. The account

  1. Beginning three months from now, you want to be able to withdraw $1,500 each quarter from your bank account to cover college expenses. The account pays 0.30% interest per quarter. How much do you need to have in your account today to meet your expense needs over the next four years?

  1. $23,398.86
  2. $23,597.52
  3. $23,982.12
  4. $24,165.43
  5. $24,065.09

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