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You would twe to have $3,000 in 3 years for a special vacason following graduation by making deposits at the end of ensey sx months
You would twe to have $3,000 in 3 years for a special vacason following graduation by making deposits at the end of ensey sx months in an arruty that pays 5.5% correounded semiannually a. Use cen 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)m1]A(nr) b. How much of the $3,000 comes from deposts and how much comes trom interest? a. In order to have $3,000 in 3 years, you should deposit 4 at the end of every aix months (Do not round unta the final answer. Then round up to the nearest dolaf.) b. 1 of the $3.000 comes from your secosits and 1 comes from interese (Use the anwwer from part a to find this antwer. Round to the nearest dolat as needed.)
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