22.17 divided by 0.03= 739
The greatest common factor would be 8
Answer:
11/2
Step-by-step explanation:

Answer:
Step-by-step explanation:
1.) 6
2.) A
3.)5
Given:
• Amount to save, A = $28,000
,
• Time, t = 6 years
,
• Interest rate, r = 5.3% ==> 0.053
,
• Number of times compounded = quarterly = 4 times
Let's find the amount that must be deposited into the account quarterly.
Apply the formula:

Where:
FV is the future value = $28,000
r = 0.053
n = 4
t = 6 years
Thus, we have:

Let's solve for P.
We have:

Solving further:

Divide both sides by 28.0384237:

Therefore, the amount that must be deposited quarterly into the account is $998.60
ANSWER:
$998.60