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?
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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
