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1.Use the appropriate formula to determine the periodic deposit.b.

 

2.How much of the financial goal comes from deposits and how much comes from​ interest?

 

 Oct 14, 2019
 #1
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+3

You must deposit $1,149.26 at the end of every 3 months for 5 years or 5 x 4 = 20 quarters in order to have $25,000 in your investment account.

 [$1,149.26 x 20] = $ 22,985.20 - This is total principal in deposits.

$25,000 - $22,985.20 = $2,014.80 - This is total interest earned on the investment.

 Oct 14, 2019
 #2
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+1

thank you

skye25  Oct 14, 2019

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