Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest?


Periodic Deposit: $? at the end of every three months
Rate: 4.25% compounded quarterly
Time: 5 years
Financial Goal: $70,000


a. $3496; $69,920 from deposits and $80 from interest
b. $2351; $47,020 from deposits and $22,980 from interest
c. $3160; $63,200 from deposits and $6800 from interest
d. $3764; $37,640 from deposits and $32,360 from interest