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.
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