Question: Please help with the following: Deandre plans to set aside money for his young daughter's college tuition. He will deposit money in an ordinary annuity

Please help with the following:

Deandre plans to set aside money for his young daughter's college tuition. He will deposit money in an ordinary annuity that earns 4.8% interest, compounded quarterly. Deposits will be made at the end of each quarter. How much money does he need to deposit into the annuity each quarter for the annuity to have a total value of $71,000 after 15 years? Do not round intermediate computations, and round your nal answer to the nearest cent. If necessary, refer to the list of financial formulas

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