New parents wish to save for their newborn's education and wish to have $40,000 at the end of 19 years.

How much should the parents place at the end of each year into a savings account that earns an annual rate of 7.1% 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?

Please show work especially for the last one. Note the last one is not 3207.14