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ohne NONANNUAL COMPOUNDING You plan to make five deposits of $1,000 sach, one every 6 months, with the first payment being made in 6 months.

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ohne NONANNUAL COMPOUNDING You plan to make five deposits of $1,000 sach, one every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 4 nominal Interest, compounded annually, how much will be in your account after years? Hound your answer to the nearest cent. One year from today you must make a payment of 54,000. To prepare for this payment you plan to make two equal quarterly deposits at the end of Quarters and 2) tank that an non interest compounded quarterly. How large mustacy of the two payments be7 Round your answer to the nearest cent

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