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question is what should be the amount of the quarterly deposits ?? 5 of 15 (13 complete) HW Score: 75.24%, 11 29 of 15 pts

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question is what should be the amount of the quarterly deposits ?? image text in transcribed
5 of 15 (13 complete) HW Score: 75.24%, 11 29 of 15 pts Score: 0 of 1 pt Problem 3-27 (algorithmic) Question Help 1 A married couple we trying to finance their five-year-old son's college education Money can be deposited at 10% compounded quarterly What end of quarto deposit must be made from the o 18th birthday to provide $48.000 on each birthday from the to the 21st? (Note that the first deposit comes the months a s 5th birthday and the last depot is made on the date of the th bathday to wide) The amount of the quarterly deposits should be $ (Round to the nearest dollar) 5 of 15 (13 complete) Score: 0 of 1 pt Problem 3-27 (algorithmic) HW Score: 78.57%, 11.79 of 15 pts Question Help A married couple are trying to finance their five-year-old son's college education Money can be deposited at 10% compounded quarterly. What end of quarter depot must be made from the son's 5th birthday to his 18th birthday to provide $48,000 on each birthday from the 16th to the 21s? (Note that the first deposit comes three months after his 5th birthday and the last deposit is made on the date of the first withdrawal.) The amount of the quarterly deposits should be $ (Round to the nearest dollar.)

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