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Ole: 0 of 3 pts 7 of 7 (3 complete) 8.5.31 HW Score: 47.37%, 9 of 19, Assigned Media You would like to have $4,500
Ole: 0 of 3 pts 7 of 7 (3 complete) 8.5.31 HW Score: 47.37%, 9 of 19, Assigned Media You would like to have $4,500 in 5 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 5.5% compounded semiannually. a. Use one of the formulas below to determine how much you should deposit at the end of every six months Question Help - LJE b. How much of the $4,500 comes from deposits and how much comes from interest a. In order to have $4,500 in 5 years, you should deposits at the end of every six months (Do not round until the final answer. Then round up to the nearest dollar) Enter your answer in the answer box and then click Check Answer Clear All Part 1 remaining
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