Are the problems separated?
Answer:
$95.5090 must be deposited monthly
Step-by-step explanation:
From the information given:
The annual interest rate (r) = 4.2% = 0.042
Let assume that an amount Y is deposited, then after one month, it will increase to:

The total amount after 4 years will be:


Using the sum of a geometric progression:


The above amount is then equal to $5000
i.e


Step-by-step explanation:
Hope it helps.... that is how I did it
Answer:
Will do
Step-by-step explanation:
Megan has 40 dollars sense charlene has 8 more dollars and the both have 86