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A person donated 5120,000 to a universky to establish a scholarship fund What is unusual is that the entire amount came from what the person
A person donated 5120,000 to a universky to establish a scholarship fund What is unusual is that the entire amount came from what the person was able to save each month over 68 years while working at a low-wage loh (a) How much would the person have to put into a savings account at the end of every 3 months to accumulate $120.000 over 6 years? Asume an interest rate of 5.25% compounded quarterly Score (b) Answer part (a) using a 3% and a 7% interest rate ats (a) The necessary deposit is at 5 25% ubmiss (Do not round until the final answer the round to the nearest cent as needed) hone/ ht brionoun Question Questions Questions
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