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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 month 3.5% compounded monthly Time 11 years Financial Goal $180,000 Click the icon to view-some finance formulas. a. The periodic deposit is $ (Do not round until the final answer. Then round up to the nearest dollar as needed.) In the provided formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. P[(1+r) -1] H A= A= P= r A nt Print Done

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