Question: 9. Problem 5.36 (Nonannual Compounding) E ebook a. You plan to make live deposits of $1,000 sach, an every 6 months, with the first payment
9. Problem 5.36 (Nonannual Compounding) E ebook a. You plan to make live deposits of $1,000 sach, an every 6 months, with the first payment being made in 6 months. You will then make no more deposits. If the bank pays 69 nom na teret compounded annually, how much will be in your account for 3 years Do not found intermediate calculation Round your answer to the newest cent One year from today you must make a payment of $4.000. To prepare for this payment, you plan to make two equal ou terly deposits at the end of Quarters 1 and 2)in a bank that pays nominal interest compounded quarterly How large mustach of the two payments be? Do not round intermediate calculations Round your answer to the nearest cent
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