26) (7 points) suppose Mary wants to have exactly $200,000 available for her child's education....
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26) (7 points) suppose Mary wants to have exactly $200,000 available for her child's education. (a) Find the amount that would have to be invested at 9% compounded quarterly, if the number of years until college is 7 years. (Round your answer to the nearest cent.) (b) Find the Annual Percentage Yield. (c) After finshing the 7-year investement, Mary agrred with the bank to invest the amount she got for another 7 years in an annuity in order to receive a certain amount of money every quarter at an interest rate 9% compounded quarterly. Howmuch will she receive every quarter
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