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You plan to make five deposits of $ 1 , 0 0 0 each, one every 6 months, with the first payment being made in
You plan to make five deposits of $ each, one every months, with the first payment being made in months. You will then make no more deposits. If the bank pays nominal interest, compounded semiannually, how much will be in your account after years? Do not round intermediate calculations. Round your answer to the nearest cent.
$
One year from today you must make a payment of $ To prepare for this payment, you plan to make two equal quarterly deposits at the end of Quarters and in a bank that pays nominal interest compounded quarterly. How large must each of the two payments be Do not round intermediate calculations. Round your answer to the nearest cent.
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