Question: what am i doing wrong!! Hector needs $12,000 in 9 years. (a) What amount should he deposit at the end of each quarter at 7%

what am i doing wrong!! Hector needs $12,000 in 9 years. (a) what am i doing wrong!!

Hector needs $12,000 in 9 years. (a) What amount should he deposit at the end of each quarter at 7% compounded quarterly so that he will have his $12,000? (b) Find Hector's quarterly deposit if the money is deposited at 4% compounded quarterly. (a) If the interest is 7% compounded quarterly, he should deposit $112.46 at the end of each quarter. (Round up to the nearest cent.)

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