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4). a. b. a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how
4).
a.b.
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit Rate Time Financial Goal $180,000 $? at the end of each month 4.5% compounded monthly 14 years Click the icon to view some finance formulas. a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $ of the $180,000 comes from deposits and $ comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.) a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $90 at the end of every six months Rate Time 4.5% compounded semiannually 40 years i Click the icon to view some finance formulas. a. The value of the annuity is $ (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is $0 (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)Step by Step Solution
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