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To help you reach your $40,000 goal, your friend donates to give you $10,000 today. You will need get to seek employment and make 24
To help you reach your $40,000 goal, your friend donates to give you $10,000 today. You will need get to seek employment and make 24 additional deposits of equal amounts every 3 months thereafter. If all money is deposited in an investment account that pays 5.40% compounded quarterly, how large must each of your 24 deposits be so that your account balance will be $40,000 in six years?
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