3. (30 pts) your neighbors just had their first baby today and they are already planning to save for their child’s college education. they found an investment account with 6% apr compounded quarterly. they plan to make monthly deposits with the first deposit 1 months from today. if they plan to continue making monthly deposits until the child’s 18th birthday, what must be the monthly deposit amount to be able to withdraw $40,000 on each birthday from the 18th birthday through the 21st birthday. (note: they will make a last deposit on the date of the first withdrawal.)

$650 per month plus utilities

step-by-step explanation:

just based on the info you gave, it would seem more cost effective to rent at $650 per month plus utilities.   if utilities are, in fact, $150 per month, your monthly living costs would be $800 as opposed to the other option of $825.

$2416.6

step-by-step explanation:

per hour = $ 25

total work time = 35

commission = 15%

total she has to make = $ 4,500

let she sold x dollar products

so her commission will be 15 % of x

now

total = weekly basic pay + commission

4500= (25*35) + 15 % of x

4500=875 + * x

4500-875 =   * x

3625= * x

multiplying wwith 100 on both sides gives

36250 = 15 x

now

x =  

x= $2416.6