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Carlos plans to set aside money for his young daughter's college tuition. He will deposit money in an ordinary annuity that earns 3.6% interest, compounded
Carlos plans to set aside money for his young daughter's college tuition. He will deposit money in an ordinary annuity that earns 3.6% interest, compounded quarterly. Deposits will be made at the end of each quarter. How much money does he need to deposit into the annuity each quarter for the annuity to have a total value of $73,000 after 14 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas
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