Homework Help: annuities

Posted by Chelsea on Monday, January 17, 2011 at 5:12pm.

8. 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?

a. What type of annuity is this?

c. Write the series that represents the amount of annuity.

d. Determine the weekly deposit without technology.

annuities - SraJMcGin, Monday, January 17, 2011 at 5:42pm
In case you'd like to know where the tutorials are:

http://search.yahoo.com/search?fr=mcafee&p=annuity+tutorial

Sra

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