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Please help answer the question in the photo. Thank you! a. Use the appropriate formula to determine the periodic deposit. b. How much of the

Please help answer the question in the photo. Thank you! image text in transcribed
a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit $? at the end of each year Rate 6% compounded annually Click the icon to view some finance formulas. Time 14 years Financial Goal $130,000 *** a. The periodic deposit is 56187 (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $ 86,618 of the $130,000 comes from deposits and $ 43,382 comes from interest. (Use thr newar from nort/alto find these answers. Round to the nearest dollar as needed.) You answered: 86.605

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