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b How much of the financial goal comes from deposits and how much comes from...

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Algebra

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b How much of the financial goal comes from deposits and how much comes from interest Periodic Deposit Rate at the end of every three 2 5 compounded quarterly months Click the icon to view some finance formulas Time 4 years b of the 25 000 comes from deposits and Use the answer from part a to find these answers Financial Goal 25 000 a The periodic deposit is Do not round until the final answer Then round up to the nearest dollar as needed comes from interest Round to the nearest dollar as needed CHEERD Formulas In the provided formulas P is the deposit made at the end of each compo period r is the annual interest rate of the annuity in decimal form n is the of compounding periods per year and A is the value of the annuity after ty P 1 1 A P 1 r 1 r A P A H 2

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