SOLUTION: Tuition of $1721 will be due when the spring term begins in 2 months. What amount should a student deposit today, at 7.56%, to have enough to pay the tuition?

Question 1146644: Tuition of $1721 will be due when the spring term begins in 2 months. What amount should a student deposit today, at 7.56%, to have enough to pay the tuition?
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Tuition of $1721 will be due when the spring term begins in 2 months.
What amount should a student deposit today, at 7.56%, to have enough to pay the tuition?
:
Find the percent paid in 2 months: * .0756 = .0126
1.0126A = 1721
A = 1721/1.0126
A = 1699.58 ~ $1700 has to deposited
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SOLUTION: Tuition of ​$1721 will be due when the spring term begins in 2 months. What amount should a student deposit​ today, at 7.56​%, to have enough to pay the​ tuition?

SOLUTION: Tuition of $1721 will be due when the spring term begins in 2 months. What amount should a student deposit today, at 7.56%, to have enough to pay the tuition?