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use one of the formulas below to determine how much you should deposit at the end of every six months.

 Oct 14, 2019
 #1
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+1

You should deposit $453.83 at the end of every 6-month period for 4 years or 8 semi-annual periods.

$453.83 x 8 =$3,630.64 - This is total principal you must deposit.

$4,000 - $3,630.64 = $369.36 - This is the interest earned on the investment.

 Oct 14, 2019
 #2
avatar+233 
+1

thank you

skye25  Oct 14, 2019

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