Question
33. Ingrid wants to buy a $17,000 car in 6years. How much money must she deposit at the end of each quarter in an account
33. Ingrid wants to buy a $17,000 car in 6years. How much money must she deposit at the end of each quarter in an account paying 5.5% compounded quarterly so that she will have enough to pay for her car?
Part 1
How much money must she deposit at the end of each quarter?
34. A man deposits $13,000 at the beginning of each year for 15 years in an account paying 4% compounded annually. He then puts the total amount on deposit in another account paying 8% compounded semiannually for another 13 years. Find the final amount on deposit after the entire 28-year period.
Question content area bottom
Part 1
He will have a final amount of ___ after the entire 28-year period.
Please help with both questions.
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