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You want to receive $500 at the end of every three months for 2 years....

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Finance

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You want to receive $500 at the end of every three months for 2 years. Interest is 57% compounded quarterly (a) How much would you have to deposit at the beginning of the 2-year period? (b) How much of what you receive will be interest? (a) The deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) (b) The interest is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)

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