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An investor needs $22,000 in 11 years. (a) What amount should be deposited in a fund at the end of each quarter at 6% compounded
An investor needs $22,000 in 11 years. (a) What amount should be deposited in a fund at the end of each quarter at 6% compounded quarterly so that there will be enough money in the fund? (b) Find the investor's quar terly deposit if the money is deposited at 5.5% compounded quarterly. (a) The deposit should be $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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