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Prisha set up a savings fund for her son's education so that she would be able to withdraw $1,625 at the beginning of every month

Prisha set up a savings fund for her son's education so that she would be able to withdraw $1,625 at the beginning of every month for the next 9 years. The fund earns 3.54% compounded quarterly.

a. What amount should she deposit today to allow for the $1,625 periodic withdrawals?

b. How much interest would she earn in this investment?

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