Answer:
18
Step-by-step explanation:
The LCD of 6 and 9 is 18.
6: 6, 12, 18
9: 9, 18
D because of since and the world
Answer:
Results are below.
Step-by-step explanation:
Giving the following information:
Today, average yearly tuition and fees for one year at the university are about $10,350.
I will assume a yearly interest rate of 8%.
<u>First, we need to calculate the total amount needed:</u>
Future value (FV)= 10,350*4= $41,400
<u>Now, using the following formula, the annual deposit required:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (41,400*0.08) / [(1.08^15) - 1]
A= $7,194.22
