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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 comes

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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 comes from interest? Periodic Deposit Rate $? at the end of each year 5% compounded annually Time 15 years Financial Goal $160,000 Click the icon to view some ance formulas. a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. S of the $160,000 comes from deposits and $ comes from interest. 26 (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.) 3 40 21

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