The Floyds have considered three options to ensure they have at least $1,375 saved for their trip.
Start saving money earlier than March.
Start with a larger initial deposit and keep the percentage for each
consecutive deposit the same.
Start with the same initial amount, but increase the percentage for eaching
consecutive deposit.
If they decide to go with option 3, they will start with $125 and continue to
save money for 6 consecutive months. However, they plan to increase the
monthly deposit 25% more than the previous month.
At this rate of saving, how much will the Floyds have saved for their trip at the
end of August?