Answer:
c
Step-by-step explanation:
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
The figure shows a right triangle at each corner with legs 3 and b and hypotenuse 4. The Pythagorean theorem tells you the sum of the squares of the legs is equal to the square of the hypotenuse:
3² + b² = 4² . . . . . . put the numbers into the Pythagorean formula
9 + b² = 16 . . . . . . . evaluate the squares
b² = 16 - 9 = 7 . . . . subtract 9 to isolate the variable
b = √7 . . . . . . . . . . undo the square operation by taking the square root
A $100 per deposit
because it went from 50 to 150