Frank plans to set aside money for his young daughter's college tuition. He will deposit money in an ordinary annuity that earns 7.2% interest, compounded quarterly. Deposits will be made at the end...

Extracted text: Frank plans to set aside money for his young daughter's college tuition. He will deposit money in an ordinary annuity that earns 7.2% interest, compounded quarterly. Deposits will be made at the end of each quarter. How much money does he need to deposit into the annuity each quarter for the annuity to have a total value of $71,000 after 16 years?