You want to start saving up for a trip to Disney World after…
You want to start saving up for a trip to Disney World after you graduate with your bachelor’s degree in three years. Your goal is to save $2500, so you decide to start a savings account that earns 3.9% interest compounded quarterly. How much should you deposit each quarter to meet your goal? DIRECTIONS for SHOWING WORK: Show all relevant steps, including any formulas you use, so it’s clear how you obtained your answer. Use the EQUATION EDITOR to type all mathematical equations and formulas. Write your final answer in a complete sentence in the context of the problem. Round your final answer to two decimal places.
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