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.)

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"