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?
:
Find the percent paid in 2 months: {{{2/12}}} * .0756 = .0126
1.0126A = 1721
A = 1721/1.0126
A = 1699.58 ~ $1700 has to deposited