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 each year, Rate= 3% compounded annually, Time 17 years, Financial Goal 160,000 A. The periodic Deposit is $7353 B. $ _____ of the 160,000 comes from deposits and $____ comes from interest.
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 each year, Rate= 3% compounded annually, Time 17 years, Financial Goal 160,000 A. The periodic Deposit is $7353 B. $ _____ of the 160,000 comes from deposits and $____ comes from interest.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.2: Exponential Functions
Problem 50E
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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 each year, Rate= 3% compounded annually, Time 17 years, Financial Goal 160,000
A. The periodic Deposit is $7353
B. $ _____ of the 160,000 comes from deposits and $____ comes from interest.
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