oblem Set for Savings Account Goals ATH 113: Section 9.4b Page 2 of 2 3. Rachel still wants that new camera that costs $3800 for her photography business. Her savings account earns .89% compounded monthly a. Rachel wants to know how long it will take her to save for the camera if she makes monthly deposits of $75. b. How much will she pay in the long run for the camera if she makes monthly deposits of $75?

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Q: Problem #1B A parent is now planning a savings program to put a daughter through college. She is 13…

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A:

Q: (Related to Checkpoint 6.2) (Present value of an ordinary annuity) Nicki Johnson, a sophomore…

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A: Interest rate = 3.12% Amount to be able to withdraw = $100*52 = $5200

Q: Problem #1B A parent is now planning a savings program to put a daughter through college. She is 13…

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