Question: Do the problem by hand: 3.32 A couple is planning to finance its three-year-old son?s college education. The couple can deposit money at 6% compounded

Do the problem by hand:

Do the problem by hand: 3.32 A couple is planning to finance

3.32 A couple is planning to finance its three-year-old son?s college education. The couple can deposit money at 6% compounded quarterly. What quarterly deposit must he made from the son?s 3rd birthday to his 18th birthday in order to provide $50,000 on each birthday from the 18th to the 21st? (Note that the last deposit is made on the date of the first withdrawal.)

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