Dianna wants to save $20000 in two years by depositing $750 every month into a savings account. What nominal rate of interest compounded annually do her savings have to earn?

Please follow the example below. Kindly use BA II calculator. Thanks.

1 130 Chapter 12 Part b . 2Online BUQU 1130 12 chapter 12 me Insert Draw Design Shape Format Layout References s Tell me 2 Share Comments icinno inancial Calculator OFF Eraser Add Pen Draw with Trackpad QUIT SET School of Business, BUQU 1130, Bucco Matter CPT ENTER Per 191 8. Equal payments are to be made at the end of each month for twelve years with interest at 8% compounded quarterly. After the last payment, the fund is to be invested for eight years at 9% compounded quarterly and have a maturity value of $30,000. What is the size of the monthly payment? 2ND CF IPAY P/Y 8%. C.S 9 I/Y K to t: 12 t: 20 VX MYP SIN n. . .. INY ( Fv. - P. DATA P/ = 12 PM - 4 LN 7 FVL CIY = 4 CVT - 4 ROUND DEPR LIy- 8 n : 32 STO 4 n -124 FY2= 14719-5 61926 DATE RCL PV = 0 PMT = 0 R WORK MEM T. = - 30906 PMT = $61. 4+ 2 CEIC 0 PV, = 14719. 56712