Thursday
April 17, 2014

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.

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