New parents wish to save for their newborn's education and wish to have $38,000 at the end of 18 years. How much should the parents place at the end of each year into a savings account that earns an annual rate of 6.6% compounded annually? (Round your answers to two decimal places.) $

How much interest would they earn over the life of the account? $ Determine the value of the fund after 9 years. $ How much interest was earned during the 9th year? $