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I would like to know how to answer this using a Financial Calculator, what are the values? N=, I/Y=, PV=, FV=, PMT=, C/Y=, P/Y=, and
I would like to know how to answer this using a Financial Calculator, what are the values? N=, I/Y=, PV=, FV=, PMT=, C/Y=, P/Y=, and BGN/END.
Richard made regular equal deposits into a savings account at the end of every month for 5 years. The investments were earning 5.40\% compounded quarterly and grew to $10,500 at the end of 5 years. a. Calculate the size of the month-end deposits. Round to the nearest cent b. How long will it take for the $10,500 to accumulate to $35,525 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? years months Express the answer in years and months, rounded to the next payment periodStep by Step Solution
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