Question: Problem # 1 (20%). Problem # 1 It is the end of the Academic Year, and you are thinking to put a sum of money

 Problem # 1 (20%). Problem # 1 It is the end

Problem # 1 (20%). Problem # 1 It is the end of the Academic Year, and you are thinking to put a sum of money in a saving account, at the beginning of June to cover the rent of a room at $ 450 per month for next Academic Year (September through May). Your Savings & Loans institution will give you a 3% annual interest on the money you have in your account. How much should you put in your account at the beginning of June this year? (Keep in mind that rent is paid at the beginning of the month) T TUL AUG SEP OCT NOV DEC TAN FEB MAR APR MAY

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