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?
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.