Solution-What the deposits are such that reach goal

What the deposits are such that reach goal

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Question 1: Two years ago, on July 2nd, 2018 you started saving for a bike. At that time, you made your first of a sequence of 5 consecutive equal deposits to pay for the bike. Today, on July 2nd 2020, your dad is chipping in $500 to help you along your way to your goal of having $10,000 in four years time (which will be July 2nd, 2024). Today, you made your third, out of the five deposits. Figure out what the deposits are such that you reach your goal. The interest rate over the entire period is 9%.

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What the deposits are such that reach goal

Reference no: EM132587453

Reference no: EM132587453

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