K a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit $? at the end of every three months Rate 2.5% compounded quarterly Click the icon to view some finance formulas. Time 4 years Financial Goal $20,000 a. The periodic deposit is $18119 (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $18119 of the $20,000 comes from deposits and comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.)

K a. Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal comes from deposits and how much comes from interest? Periodic Deposit $? at the end of every three months Rate 2.5% compounded quarterly Click the icon to view some finance formulas. Time 4 years Financial Goal $20,000 a. The periodic deposit is $18119 (Do not round until the final answer. Then round up to the nearest dollar as needed.) b. $18119 of the $20,000 comes from deposits and comes from interest. (Use the answer from part (a) to find these answers. Round to the nearest dollar as needed.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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how to use texas instrument TI-30XIIs calculator to find the savings plan balance? ex: Find the savings plan balance after 3 years with an APR of 3% and monthly payments of $100.
EQuestion Help Use graphical approximation techniques or an equation solver to approximate the desired interest rate. A person makes annual payments of $1000 into an ordinary annuity. At the end of 5 years, the amount in the annuity is $5898.27. What annual nominal compounding rate has this annuity eamed? Type the interest rate: % (Round to 2 decimal places.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check Answer MacBook Air esc 80 888 DII F4 %23 $ & 2 3 4 6 8 9 Q E R Y A D G H K V B N M
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