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Tamara has 12 months to save $1,650.00 for her university tuition. She deposits $X today, $825.00 in 6 months, and $600.00 in 11 months. The
Tamara has 12 months to save $1,650.00 for her university tuition. She deposits $X today, $825.00 in 6 months, and $600.00 in 11 months. The account earns interest at the rate i(1) = 9.184%. Find X, so that she will reach her target on time.
a.
$159.70
b.
$158.01
c.
$163.06
d.
$168.10
e.
$154.65
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