You would like to have 3 500 in 4 years for a special

Last updated: 3/21/2023

You would like to have 3 500 in 4 years for a special vacation following graduation by making deposits at the end of every six months in an annuity that pays 6 5 compounded semiannually a Use one of the formulas below to determine how much you should deposit at the end of every six months nt A P 14 P A 1 nt b How much of the 3 500 comes from deposits and how much comes from interest a In order to have 3 500 in 4 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 mecen