You would like to have $7,000.00 in 14 years for a special vacation following graduation by making deposits at the end of each quarter in an annuity that pays 5.5% compounded quarterly. How much money should you deposit at the end of every quarter? How much of the $7,000.00 comes from deposits and how much comes from interest? Calculator of the $7,000.00 comes from your deposits and $ comes from interest, Round to the nearest penny and use rounded values for all future calculations. 

Answer rating: 100% (QA)

To calculate the amount you need to deposit at the end of each quarter to have 700000 in 14 years ... View the full answer