Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Vassar Ingraham is saving to purchase a new car after graduation in 4 1/2 years. She estimates she will need $19,100 for the car, and sets up a plan whereby she deposits equal amounts into a savings account at the END of every 3-month period. Her bank is currently paying 6% interest compounded quarterly. Of the total amount in her savings account at the END of 4 1/2 years, how much of it did she deposit?

Question

Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Vassar Ingraham is saving to purchase a new car after graduation in 4 1/2 years. She estimates she will need $19,100 for the car, and sets up a plan whereby she deposits equal amounts into a savings account at the END of every 3-month period. Her bank is currently paying 6% interest compounded quarterly. Of the total amount in her savings account at the END of 4 1/2  years, how much of it did she deposit?

Quizplus · Accepted Answer

The Answer of Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Vassar Ingraham is saving to purchase a new car after graduation in 4 1/2 years. She estimates she will need $19,100 for the car, and sets up a plan whereby she deposits equal amounts into a savings account at the END of every 3-month period. Her bank is currently paying 6% interest compounded quarterly. Of the total amount in her savings account at the END of 4 1/2  years, how much of it did she deposit?

Use Tables 12-1 and 12-2 from Your Text to Answer