A young couple has decided to set aside some money to fund their 5-year-old daughter's college education.

Question:

A young couple has decided to set aside some money to fund their 5-year-old daughter's college education. They want to deposit the sum in an account that earns 8% compounded continuously. Beginning when she turns 6 and ending when she turns 21, how much should they deposit on each birthday if she is to get $28,000 on each birthday from her 21st to her 24th?