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8.5.17 a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes

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8.5.17 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 $? at the end of every three 5.5% compounded quarterly 5 years $10,000 months 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.). Question Viewer Here are two ways of investing $75,000 for 25 years. Lump-surnames\" $75,000 4% compounded annually Periodic Deposit ate Time $3000 at the end of 4% compounded annually 25 years each year P 1 + r t 1 Use this information and the formulas A = P(1 + r)t and A = to complete parts a. and b. beiow. a. After 25 years, how much more will you have from the lump-sum investment than from the annuity? You will have approximately $|:| more from the lump-sum investment than from the annuity. (Round to the nearest dollar as needed.)

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