You would like to have $2,000.00 in 5 years for a special vacation following graduation by making deposits at the end of each quarter in an annuity that pays 5.5% compounded quarterly.How much money should you deposit at the end of every quarter? Round to the nearest penny and use rounded values for all future calculations.How much of the $2,000.00 comes from deposits and how much comes from interest?

$ of the $2,000.00 comes from your deposits and $ comes from interest.

asked by guest
on Nov 12, 2024 at 5:34 pm



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


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