The cost of attendance at State University is $22,000 for the first year. Devise a periodic savings plan that will allow you to make small deposits for 5 years at a simple interest rate of 2% and save enough to pay for the first year at the university.

Question

30 December, 13:02

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Answers (2)

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Good · Answer 1

You would mutiple 22000 by 5 then divide that by. 2 and that would be your answer

Brandon Bentley · Answer 2

Brandon Bentley 30 December, 13:19

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the answer is 550,000