Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

style=”color:rgb(0,0,0);background-color:transparent;”>You would like to have ​$4,500 in 5 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 6​% compounded semiannually. a. Determine how much you should deposit at the end of every six months. b. How much of the ​$4,500 comes from deposits and how much comes from​ interest? a. In order to have ​$4,500 in 5 ​years, you should deposit ​$_____ at the end of every six months. ​(Do not round until the final answer. Then round up to the next​ dollar.) b. ___ of the ​$4,500 comes from your deposits and ​____comes from interest. ​(Use the answer from part a to find this answer. Round to the nearest dollar as​ needed.)

/in /by

style=”color:rgb(0,0,0);background-color:transparent;”>You would like to have ​$4,500 in 5 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 6​% compounded semiannually.

a. Determine how much you should deposit at the end of every six months.

b. How much of the ​$4,500 comes from deposits and how much comes from​ interest?

a. In order to have ​$4,500 in 5 ​years, you should deposit ​$_____ at the end of every six months.

​(Do not round until the final answer. Then round up to the next​ dollar.)

b. ___ of the ​$4,500 comes from your deposits and ​____comes from interest.

​(Use the answer from part a to find this answer. Round to the nearest dollar as​ needed.)

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"