1. $600 deposited at the end of each year for 10 years at 4.25% compounded annually.

2. $1500 deposited at the end of every three months for 25 years at 5.75%compounded quarterly.

Guest Feb 26, 2021

#1**+1 **

For each question, answer these

a) How much is deposited at the end of each time period M or PMT

b) What is the yearly interest rate expressed as a decimal?

c) How many times a year does it compound?

d) What is the interest rate per compounding period? r

e) What is the total number of time period n

Melody Feb 26, 2021