Question: Starting three months after her grandson Robins birth, Mrs. Devine made deposits of $60 into a trust fund every three months until Robin was 21

Starting three months after her grandson Robin’s birth, Mrs. Devine made deposits of $60 into a trust fund every three months until Robin was 21 years old. The trust fund, with a balance of $8567.28 at that time, provides for equal withdrawals at the end of each quarter for four years, beginning three months after the last deposit. If interest is 4.75% compounded quarterly, how much will Robin receive every three months?

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