Question: Question 2 2A Jason Thomas has saved $3,500 towards a down payment on a new truck. He wants to have a total of $20,000 and

Question 2

2A Jason Thomas has saved $3,500 towards a down payment on a new truck. He wants to have a total of $20,000 and plans to buy in 3 years. How much will he have to save at the end of each month if he can earn 2.0% on his savings?

2B Marco Ramos has saved $10,000 towards a down payment on a new house. He wants to have a total of $50,000 and plans to buy in 5 years. How much will he have to save at the beginning of each month if he can earn 2.0% on his savings?

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