QUESTION 5 You wish to have $4,000 in 2 years to purchase a new entertainment system. How much money (to the nearest dollar) should you deposit each quarter into an account paying 8% compounded quarterly? Summarize the information provided, stating the interest rate in a decimal form. PN = r = N = k = Identify the formula you will use to solve by writing the letter of the formula here: A. A=P(1+rt) B. C. PN= D. P₁ = (1-(1+))-(2) Solve the problem and give your answer here:

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