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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
6% compounded annually
16 years
$130 comma 000
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Part 1
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 2
b.$
enter your response here of the $130 comma 000 comes from deposits and $
enter your response here comes from interest.
(Use the answer from part(a) to find these answers. Round to the nearest dollar as needed.)

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