wishing to accumulate $9,000 for an expedition in 4 years' time. To do this, you will make 8 equal deposits (half yearly) with the first deposit today. If you earn 7.7 % per annum compounding twice yearly, what deposit will be needed? (round to nearest nt; don't use $ sign or commas) You are Jack wants to accumulate $12,000 for a motor-bike in 5 years' time. To do this, he will make 20 level deposits (quarterly) with the first deposit today. If he earns 12.2% per annum compounding quarterly, what regular deposit will be needed? (round to nearest cent; don't use $ sign or commas)