Question:

Mr. and Mrs. Templeton are setting up a fund to help finance their granddaughters college education. They want her to be able to withdraw $3000 every three months for three years after she starts college. Her first withdrawal will be 5_1 2 years from now. If the fund can earn 7.2% compounded quarterly, what single amount contributed today will provide for the withdrawals? Show all steps for full marks.

Please proper explain and do not copy from Chegg. Otherwise I have to report the answer.