You want to receive $725 at the end of every three months for 2 years....
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Accounting
You want to receive $725 at the end of every three months for 2 years. Interest is 11.4% compounded quarterly. How much would you have to deposit at the beginning of the 2-year period? How much of what you receive will be interest? (a) The deposit is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) HEEELp
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