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You plan to accumulate $18,000 for a car in 3 years' time. To do this, you will make 12 level deposits (quarterly) with the first

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You plan to accumulate $18,000 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 8.8% per annum compounding quarterly, what regular deposit will be needed? (round to nearest cent; don't use $ sign or commas) a. $1298.48 b. $1327.05 c. $2686.56 d. $5056.67

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