Question: A sinking fund is established by a working couple so that they will have 40,000 to pay part of their daughter's education when she enters

A sinking fund is established by a working couple so that they will have 40,000 to pay part of their daughter's education when she enters college. If the make deposits at the end of each 3-month period for 11 years, and if the interest paid is 8%, compunded quarterly, what size deposits must they make?

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