9. 12 points HarMathAp11 6.4.039 My Notes Ask Your Teacher Juanita Domingo’s parents want to establish a college trust for her. They want to make 16 quarterly withdrawals of $2500, with the first withdrawal 3 months from now. If money is worth 7%, compounded quarterly, how much must be deposited now to provide for this trust? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. o ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent.) Need Help? Readi
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