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Marco Boncordo is a year 9 student. He currently has $7,500 in a savings accountthatpays 5.65 per cent annually. Marco plans to use his current
Marco Boncordo is a year 9 student. He currently has $7,500 in a savings accountthatpays 5.65 per cent annually. Marco plans to use his current savings plus what he can save overthe next 4 years to buy a car. He estimates that the car will cost $12 000 in 4 years. How muchmoney should Marco save each year if he wants to buy the car?
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