Tuition of $1830 will be due when the spring term begins in 6 months. What amount should a student deposit today, at 3.29%, to have enough to pay the tuition? The student should deposit $ (Simplify your answer. Round to the nearest dollar as needed.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 19E
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Tuition of $1830 will be due when the spring term begins in 6 months. What amount should a student deposit today, at 3.29%, to have enough to pay the tuition?
The student should deposit $.
(Simplify your answer. Round to the nearest dollar as needed.)
Transcribed Image Text:Tuition of $1830 will be due when the spring term begins in 6 months. What amount should a student deposit today, at 3.29%, to have enough to pay the tuition? The student should deposit $. (Simplify your answer. Round to the nearest dollar as needed.)
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