Question: Question 1 (3.5 points) E-Il Peter makes a deposit at the end of every three months into a savings account that earns interest at 5.0%

Question 1 (3.5 points) E-Il Peter makes a deposit at the end of every three months into a savings account that earns interest at 5.0% compounded semi- annually. He saves for 14 years, and then converts his savings into an annuity that pays him $2,000 at 4.9% compounded monthly at the end of every six months for 14 years. What size of the deposit Peter makes while he is saving? Your

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