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(Solved): On his fourteenth birthday, a boy inherits $14 comma 000 which is to be used for his college e ...



On his fourteenth ?birthday, a boy inherits ?$14 comma 000 which is to be used for his college education. The money is deposited into a trust fund that will pay him R dollars on his ?18th, 19th,? 20th, and 21st birthdays. Find R if the money earns 6?% interest compounded annually. Question content area bottom Part 1 The money deposited will pay the boy ?$ ?? enter your response here on his ?18th, 19th, 20th and 21st birthdays. ?(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)



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