Question
A . Use the appropriate formula to determine the periodic deposit. The periodic deposit is $ b. How much of the financial goal comes from
A. Use the appropriate formula to determine the periodic deposit. The periodic deposit is $
b. How much of the financial goal comes from deposits and how much comes from interest?
___ of the $220,000 comes from deposits and __ comes from interest.
| Periodic Deposit | Rate | Time | Financial Goal |
|---|---|---|---|
| $? at the end of each month | 3.5% compounded monthly | 14 years | $220,000 |
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