Cyrus deposit $744.88 Each quarter into an annuity account for his child college fund. He wishes to accumulate a future value of 75,000 in 18 year. Assuming an APR of 3.6% how much of the 75000 will Cyrus ultimately deposit in the account and how much in interest earned round your answer to the nearest set if necessary.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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Cyrus deposit $744.88 Each quarter into an annuity account for his child college fund. He wishes to accumulate a future value of 75,000 in 18 year. Assuming an APR of 3.6% how much of the 75000 will Cyrus ultimately deposit in the account and how much in interest earned round your answer to the nearest set if necessary.
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