Suppose your parents decide to give you $10,000 to be put in a college trust fund that will be paid in equally quarterly installments over a 5 year period. If you deposit the money into an account paying 1.5% per quarter, how much are the quarterly payments (Assume the account will have a zero balance at the end of period.)

quarterly annuity paymentis $582.46.What is an ordinary annuity?ordinary annuityin case of investment is the one that pays its end-of-the period cash flows rather than at the beginning as it is case of annuity due.PV=quarterly payment*(1-(1+r)^-N/rinitial investment=$10,000quarterly payment=unknown(assume it is X)quarterly interest rate=1.5%number of quarterly payments in 5 years=5*4=20(there are 4 quarterly payments in a year)$582.46annuity payment, thepresent valuecan also be the unknown as well.annuity paymenton:https://brainly.com/question/25792915