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Hector needs $17,000 in 8 years. (a) What amount should he deposit at the end of each quarter at 6% compounded quarterly so that he

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Hector needs $17,000 in 8 years. (a) What amount should he deposit at the end of each quarter at 6% compounded quarterly so that he will have his $17,000 ? (b) Find Hector's quarterly deposit if the money is deposited at 4% compounded quarterly. (a) If the interest is 6% compounded quarterly, he should deposit $ at the end of each quarter. (Round up to the nearest cent.) (b) If the interest is 4% compounded quarterly, he should deposit $ at the end of each quarter. (Round up to the nearest cent.)

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