8.5.11
a. Use the appropriate formula to determine the periodic deposit
b. How much of the fi...
Mathematics, 28.11.2020 14:40 bbanfield1
8.5.11
a. Use the appropriate formula to determine the periodic deposit
b. How much of the financial goal comes from deposits and how much comes from interest?
Periodic Deposit
$? at the end of each year
Rate
3% compounded annually
Time Financial Goal
19 years $120,000
Click the icon to view some finance formulas.
a. The periodic deposit is $ 18947
(Do not round until the final answer. Then round up to the nearest dollar as needed.)
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