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Subject: Financial Application Make sure you show ALL your, and be EXTREMELY neat. ( OR TYPE OUT NEATLY) Stefanias parents calculate that they will need

Subject: Financial Application

Make sure you show ALL your, and be EXTREMELY neat. ( OR TYPE OUT NEATLY)

Stefanias parents calculate that they will need $7500 every 3 months for 4 years to pay for Stefanias college. They have 18 years until she is college age. How much should they invest every 3 months at 6.4%/a compounded quarterly for the next 18 years if they plan to withdraw $7500 per quarter for the 4 years after that?

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