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Please use a BA II plus calc to find the correct answer. You want to receive $675 at the end of every three months for
Please use a BA II plus calc to find the correct answer.
You want to receive $675 at the end of every three months for 2 years. Interest is 4.3% compounded quarterly. (a) How much would you have to deposit at the beginning of the 2-year period? (b) How much of what you receive will be interest? (a) The deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed ) (b) The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) Step by Step Solution
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