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You would like to have $ 5 0 0 0 in 3 years for a special vacation following graduation by making deposits at the end
You would like to have $ in years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays compounded semiannually. Answer parts a and b Click the icon to view some finance formulas. a How much should you deposit at the end of every six months? In order to have $ in years, you should deposit $ at the end of every six months. Do not round until the final answer. Then round up to the nearest dollar. b How much of the $ comes from deposits and how much comes from earnings? $ of the $ comes from your deposits and $ comes from interest. Use the answer from part a to find this answer. Round to the nearest dollar as needed.
You would like to have $ in years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays compounded semiannually. Answer parts a and b
Click the icon to view some finance formulas.
a How much should you deposit at the end of every six months?
In order to have $ in years, you should deposit $ at the end of every six months.
Do not round until the final answer. Then round up to the nearest dollar.
b How much of the $ comes from deposits and how much comes from earnings?
$ of the $ comes from your deposits and $ comes from interest. Use the answer from part a to find this answer. Round to the nearest dollar as needed.
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