You would like to have 3500 in 5 years for a special vacation following graduation...
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Calculus
You would like to have 3500 in 5 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 4 comp parts a and b Click the icon to view some finance formulas a How much should you deposit at the end of every six months In order to have 3500 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 nearest dollar More info In the provided formulas P is the deposit made at the end of each compounding period for an annuity that pays an annual interest rate r in decimal form compounded n times per year and A is the value of the annuity after t years A P 1 1 n P A 2 M n X
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