Question: What formula is used for this problem? I feel like I'm getting confused with the deposit every 3 months. Use the appropriate formula to determine

What formula is used for this problem? I feel like I'm getting confused with the deposit every 3 months.

Use the appropriate formula to determine the periodic deposit.

b. How much of the financial goal comes from deposits and how much comes from interest?

Find the periodic deposit at the end of every 3 months

Rate 5.5% compounded quarterly

Time= 4 years

Financial goal= $10,000.00

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