The cost of attendance at State University is $22,000 for the first year. Devise a periodic savings plan that will allow you to make small deposits for 5 years at a simple interest rate of 2% and save enough to pay for the first year at the university.

Question

Peter Dunlap

15 March, 18:38

+4

Answers (2)

Know the Answer?

Corbin Ochoa · Answer 1

You would mutiple 22000 by 5 then divide that by. 2 and that would be your answer

Tucker Donaldson · Answer 2

Tucker Donaldson 15 March, 20:26

0

the answer is 550,000