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3 years ago

9

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.

2 answers:

puteri [66]3 years ago

7 0

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

nignag [31]3 years ago

6 0

the answer is 550,000

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