Mary wants to go on a $10,000 vacation in 6 months. She has a bank account that

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Mary wants to go on a $10,000 vacation in 6 months. She has a bank account that pays 2.25% interest, compounded monthly. How much must she deposit each month to afford the vacation?

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Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

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Question Posted: Sep 12, 2022 03:19 AM

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Mary wants to go on a $10,000 vacation in 6 months. She has a bank account that

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WE will use the formula APert Where A10000r22500225 and t6 months So we ...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

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