How much must be deposited at the end of every three months for 4.75 years to accumulate to $4200.00 at 9% compounded quarterly? n ve for PMT. 5.5 12 ind the ni Calculate the periodic interest rate, i = PMT= 9% 4 ubstitute FVn (1 + i)^- Then calculate the number of periodic payments using n = P/Yx term, where P/Y is the number of payment periods per year and term is the leng annuity in years. n=4x4.75-19 Substitute the future value, the periodic interest rate, and the number of periods into the formula and simplify, rounding to the nearest cent. = 2.25% PMT= 4200.00 19 (1+0.0225) 0.0225 $179.60 1/Y C/Y, using the annual interest rate, I/Y, and the number of compounding periods per year, C/Y. 1 Therefore, the required deposit is $179.60.