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Diana made periodic deposits into a savings account at the end of every month for 5 years. The investments were earning 7.50% compounded quarterly and
Diana made periodic deposits into a savings account at the end of every month for 5 years. The investments were earning 7.50% compounded quarterly and grew to $13,000.00 at the end of 5 years. a. Calculate the size of the month-end deposits. $183.10 O $179.46 O $119.00 0 $175.94 b. How long will it take for the $13,000.00 to accumulate to $43,650.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? O 8 years and 5 months O 12 years and 5 months 0 7 years and 5 months 0 7 years and 8 months
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