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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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