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.
1 answer