Just answers plz Question 6Brittany is saving for a future renovation project that is estimated to cost $36,000. Howmuch will Brittany have to deposit at the beginning of every three months in order toaccumulate $36,000 in 3 years? Interest is 5.53% compounded quarterly. Round theanswer for PMT to two decimal places.Choose BGN or END ?P/Y =C/Y =N =I/Y =%PV = $PMT = $FV = $Submit QuestionO Type here to searchesc16echapp.?IOI1014

We need to use financial calculator to solve this problem. The function are P/Y =payment par year…

Answered: Brittany is saving for a future…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Brittany is saving for a future renovation project that is estimated to cost $36,000. How much will Brittany have to deposit at the beginning of every three months in order to accumulate $36,000 in 3 years? Interest is 5.53% compounded quarterly. Round the answer for PMT to two decimal places.