Help please
You would like to have $4000 in 5 years for a special vacation following graduation by making deposits at the end of every 6 months in an annuity that pays 5% compounded semiannually.
A. How much should you deposit at the end of every six months?
B. How much of the $4000 comes from deposits and how much comes from interest?
god someone help me
>>85986
A. 357.04
>>86073
Same anon, B. Deposits: 3570.35 intrest: 429.65