Question: Only requesting the answer to part D. The answer to d is $1,370.29 however I'm unsure how to arrive at that solution. 2. Gordon Freeman

Only requesting the answer to part D. The answer to d is

Only requesting the answer to part D. The answer to d is $1,370.29 however I'm unsure how to arrive at that solution.

2. Gordon Freeman wants to have $32,000 in 5 years in order to purchase a new car. (a) How much should he deposit today in an account earning 6.4%, compounded quarterly, to have the required amount in 5 years? (b) How much interest will be earned? (c) If he can only deposit $16,000 now, how short of $32,000 will he be? (d) Suppose he instead decides to make a deposit at the end of each quarter into an account earning, 6.4%, compounded quarterly. How much should he deposit each quarter to have $32,000 in 5 years

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