SOLUTION: tuition of $1790 due in 8 months,what amount should be deposited today at 7.98% to have enough to pay total tuition

SOLUTION: tuition of $1790 due in 8 months,what amount should be deposited today at 7.98% to have enough to pay total tuition

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Question 1033462: tuition of $1790 due in 8 months,what amount should be deposited today at 7.98% to have enough to pay total tuition
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = amount deposited today

$1,699.58 should be deposited today
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