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Janet wants to save up $15100 for a vacation she plans to take. She can afford to deposit $302.00 at the end of each month
Janet wants to save up $15100 for a vacation she plans to take. She can afford to deposit $302.00 at the end of each month in an account earning 5% compounded monthly.
a. Find the number of full deposits of $302.00 she will need to make to the account. b. Find the size of the smaller concluding deposit at the end of the next month required to meet her $15100 goal. If no final deposit is required enter 0.
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