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You plan to accumulate $10,000 for a car in 3 years time. To do this, you will make 12 level deposits (quarterly) with the first
You plan to accumulate $10,000 for a car in 3 years time. To do this, you will make 12 level deposits (quarterly) with the first deposit today. If you earn 4.0% per annum compounding quarterly, what regular deposit will be needed? (round to nearest cent; dont use $ sign or commas) Select one: a. $788.49 b. $780.68 c. $3080.27 d. $1585.26
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