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Speedy Gonzales wants to save $2,000 for a trip to Mexico 9 months from now. If his saving account pays 3.75 interest (compounded monthly), how
Speedy Gonzales wants to save $2,000 for a trip to Mexico 9 months from now. If his saving account pays 3.75 interest (compounded monthly), how large will his monthly deposits need to be?
$190.93 | ||
$222.22 | ||
$219.46 | ||
Speedy Gonzales will not be able to save $2,000 in 9 months. |
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