An investor needs

$12,000

in

12

years.

(a) What amount should be deposited in a fund at the end of each quarter at

5%

compounded quarterly so that there will be enough money in the fund?

(b) Find the investor's quarterly deposit if the money is deposited at

9.8%

compounded quarterly.

An investor needs $12,000 in 12 years. (a) What amount should be deposited in a fund at the end of each quarter at 5% compounded quarterly so that there will be enough money in the fund? (b) Find the investor's quarterly deposit if the money is deposited at 9.8% compounded quarterly. (a) The deposit should be $ (Do not round until the final answer. Then round to the nearest cent as needed.)