Deshawn's parents want to create a college fund that pays $$2,100\mathrm{.}00$ paid at the end of each quarter for $8$ years, if interest is earned at a rate of $3\%,$ compounded quarterly, how much needs to be invested now for this to happen.

Deshawn's parents need to invest $

$.($Round to $2$ decimal places.$)$

Answer rating: 100% (QA)

Solution Calculating the amount of money whi... View the full answer