lulien has paid $18,000 for a retirement annuity from which he will receive $2,174 at the end of every three months. The payments are deferred for 14 years and interest is 8% compounded quarterly. a) How many payments will Julien receive? b) What is the size of the final payment? c) How much will Julien receive in total? d) How much of what he receives will be interest