Mathematics, 20.06.2020 00:57 tatia65
1. Natalie and Preston would like to accumulate $25 000 at the end of 3.5 years for a future down payment on a house in Prescott. How much should they deposit at the end of each week in a savings account that pays 7.2%/a, compounded monthly, to meet their goal?
a. Draw a time line to represent the annuity.
b. Write the series that represents the amount of the annuity.
c. Determine the weekly deposit.
Answers: 1
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1. Natalie and Preston would like to accumulate $25 000 at the end of 3.5 years for a future down pa...
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