Trey wants to take a European vacation in 3 years. He estimates the cost to be $10,000. About how much must he save monthly in an account that pays 4% interest, compounded monthly, to have enough money for the vacation?

Monthly deposit= $262.062

Step-by-step explanation:

Giving the following information:

Future value= $10,000

Number of periods= 12*3= 36 months

Interest rate= 0.04/12= 0.0033

To calculate the monthly deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (10,000*0.0033) / [(1.0033^36) - 1]

A= $262.062

first, you divide the triangle in two, tô form a retangle triangle. after, using pythagoream theorem:

18^2 = 14^2 + (x/2)^2

(x^2/4) + 196 = 324

x^2/4 = 324 - 196

x^2/4 = 128

x^2 = 512

x = √512

x = √2^9

x = 16√2 cm

i hope i you.

0.85% : )

step-by-step explanation: