Asked by Chelsea

8. Mary would like to save $10 000 at the end of 5 years for a future down payment on a car. How much should she deposit at the end of each week in a savings account that pays 12%/a, compounded monthly, to meet her goal?

a. What type of annuity is this?

c. Write the series that represents the amount of annuity.

d. Determine the weekly deposit without technology.