Question: 8 . Knowledge and Understanding: Natalie and Preston would like to accumulate $ 2 5 0 0 0 at the end of 3 . 5

8. Knowledge and Understanding: Natalie and Preston would like to accumulate $25000 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 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.

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