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You want to receive $450 at the end of every six months for 4 years. Interest is 10.2% compounded semi-annually. (a) How much would you
You want to receive $450 at the end of every six months for 4 years. Interest is 10.2% compounded semi-annually. (a) How much would you have to deposit at the beginning of the 4-year period? (b) How much of what you receive will be interest? (a) The deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest is $0 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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