Question 1096880
Let n be the amount of the necessary deposit. Then:
1330=n*(1+0.0396)^7/12=n*(1.0396)^0.583333
ln 1330=ln n+ln(1.0396)^0.583333=ln n + 0.583333*ln(1.0396)
ln n=7.17027988695310846127677907654
e^ln n=n=e^7.17027988695310846127677907654
e^7.17027988695310846127677907654=$1300.208 needs to be deposited to fully fund tuition when the spring term begins
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