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a . Use the appropriate formula to determine the periodic deposit. b . How much of the financial goal comes from deposits and how much
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 each year
compounded annually
years
$ comma
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Part
a The periodic deposit is $
enter your response here.
Do not round until the final answer. Then round up to the nearest dollar as needed.
Part
b$
enter your response here of the $ comma comes from deposits and $
enter your response here comes from interest.
Use the answer from parta to find these answers. Round to the nearest dollar as needed.
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