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Starting three months after her grandchild Crystal's birth, Mrs. Robinson made deposits of $63.25 into a trust fund every three months until Crystal was 19
Starting three months after her grandchild Crystal's birth, Mrs. Robinson made deposits of $63.25 into a trust fund every three months until Crystal was 19 years old.
The trust fund provides for equal withdrawals at the end of each quarter for 5 years beginning three months after the last deposit.
If interest is 8.24% compounded quarterly, how much will Crystal receive every three months?
a) $326.88
b) $163.99
c) $11391.21
d) $700.69
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