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You would like to have $5,000 in 5 years for a special vacation following graduation by making deposits at the end of every six months

You would like to have $5,000 in 5 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 3.5% compounded semiannually. a. Use one of the formulas below to determine how much you should deposit at the end of every six months. nt A = P + n P= A A nt H b. How much of the $5,000 comes from deposits and how much comes from interest? r a. In order to have $5,000 in 5 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. $ of the $5,000 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.) 3 of 3 3 of 3 0 of 3 0 of 3 0 of 3 0 of 3 0 of 3 0 of 3
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You would like to have $5,000 in 5 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 3.5% compounded semiannually. a. Use one of the formulas below to determine how much you should deposit at the end of every six months. A=(nr)P[(1+nr)nt1] P=[(1+nr)nt1]A(nr) b. How much of the $5,000 comes from deposits and how much comes from interest? a. In order to have $5,000 in 5 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. $ of the $5,000 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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