Tuition of $1616 wi be due when the spring term begins in 2 months. What amount should a student deposit today, at 6.08%, to have enough to pay the tulton? The student should deposit (Simpity your answer. Round to the nearest dollar as needed)

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.40TI: Susana invested a principal of $36,000 in her bank account with interest rate 6.5%. How much...
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Tuition of $1616 wil be due when the spring torm begins in 2 months. What amount should a studeont deposit todary, at 6.08%, to have enough to pay the tultion?
The student should deposit S
(Simplity your answer Round to the nearest dollar as needed)
Transcribed Image Text:Tuition of $1616 wil be due when the spring torm begins in 2 months. What amount should a studeont deposit todary, at 6.08%, to have enough to pay the tultion? The student should deposit S (Simplity your answer Round to the nearest dollar as needed)
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