- #1
aisha
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Mary would like to save $10 000 at the end of 5 years for a future down payment on a car. How much should she deposit at the end of each week in a savings account that pays 12%/a compounded monthly, to meet her goal?
This is a general ordinary annuity
therefore before I make the line diagram and write out the series and find out the weekly payment I am thinking that I will probably have to find the nominal interest rate first Is this correct? How do I do this question? PLz help me
This is a general ordinary annuity
therefore before I make the line diagram and write out the series and find out the weekly payment I am thinking that I will probably have to find the nominal interest rate first Is this correct? How do I do this question? PLz help me