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You would like to have $3 comma 500 in 3 years for a special vacation following graduation by making deposits at the end of every
You would like to have $3 comma 500 in 3 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 6.5 % compounded semiannually. a. Use one of the formulas below to determine how much you should deposit at the end of every six months. Upper A equals StartStartFraction Upper P left bracket left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript nt Baseline minus 1 right bracket OverOver left parenthesis StartFraction r Over n EndFraction right parenthesis EndEndFraction Upper P equals StartStartFraction Upper A left parenthesis StartFraction r Over n EndFraction right parenthesis OverOver left bracket left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript nt Baseline minus 1 right bracket EndEndFractionb. How much of the $3 comma 500 comes from deposits and how much comes from interest? Question content area bottom Part 1 a. In order to have $3 comma 500 in 3 years, you should deposit $enter your response here at the end of every six months. (Do not round until the final answer. Then round up to the nearest dollar.) Part 2 b. $enter your response here of the $3 comma 500 comes from your deposits and $enter your response here comes from interest
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