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Mary Branson invested her summer earnings of $4000 in a savings account for college. The account pays 1.5% interest. How much will this amount to
Mary Branson invested her summer earnings of $4000 in a savings account for college. The account pays 1.5% interest. How much will this amount to in 9 months? Mary's savings will amount to sin 9 months. (Round to the nearest cent as needed.) Tuition of $1487 will be due when the spring term begins in 11 months. What amount should a student deposit today, at 6.79%, to have enough to pay the tuition? The student should deposit $17 (Simplify your answer. Round to the nearest dollar as needed.) Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $750; 1.50% compounded semiannually for 6 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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