Question: Mrs. Rin Rivanool set up a trust fund today for her great-grand-daughters education that would help with her education in 18 years from today. If

Mrs. Rin Rivanool set up a trust fund today for her great-grand-daughters education that would help with her education in 18 years from today. If she deposits $119 at the end of every month for those 18 years into a trust earning 7% compounded quarterly, determine:

a) How much money is there in 18 years from today?

b) What beginning of the quarter payment can be made for 5 years (after the original 18 years) from the same 7% compound quarterly trust fund, before it runs out?

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