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Brenda wants to receive $ 3 4 0 at the end of every three months for 1 5 years. Interest is 5 . 2 %
Brenda wants to receive $ at the end of every three months for years.
Interest is compounded quarterly.
Report monetary values to the nearest cent.
a How much should Brenda deposit at the beginning of the year period to receive these payments?
PY
Correct CY
Correct N
Correct
IY
Incorrect PV $
Incorrect
PMT $
Correct FV $
Incorrect
b How much would Brenda receive in total? $
Correct
c How much of what Brenda would receive is interest? $
Incorrect
need correct solution
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