Question: Amanda would like to accumulate $52,000 for a down payment on a house. She has decided to make deposits on the first of every quarter

Amanda would like to accumulate $52,000 for a down payment on a house. She has decided to make deposits on the first of every quarter in a savings account that pays 6% annual interest, compounded semi-annually. You wish to know how much should her quarterly payment be, if Amanda wishes to reach her goal in 5 years. Find i (periodic rate) O a. 0.06 O b 0.005 O c.0.015 O d. 0.09 O e. 0.03

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