Buying a car michelle christian wants to have a $20,000 down payment when she buys a new car in 6 years. how much money must she deposit at the end of each quarter in an account paying 3.2% compounded quarterly so that she will have the down payment she desires?

She should deposit $ 759 at the end of each quarter in an account.

Step-by-step explanation:

This problem requires us to calculate the amount that we should invest quarterly if the investment rate is 3.2% and we want 20,000 dollars after 6 years. This can be calculate easily with the help of annuity formula given below.

Future Value= Installment ((1+ interest rate)^time period-1)/interest rate

20,000 = Deposit ((1+ 3.2%/4)^24-1)/3.2%/4

PV = 20,000/26.34

PV = $ 759

these sign is used to tell weather the number is greater or less than the number   <   or >     but this sign means its equal =    

hope this you and

step-by-step explanation:

c. y = 1/4 x + 5

step-by-step explanation:

first, put the equation of the line on the graph into slope-intercept form

(y = mx + b):   y = -4x + 8

second, a perpendicular line has to have "an opposite/reciprocal slope" to the original slope. so, find the "m" value in your original equation (it's -4, right? )

original slope: m = -4   perpendicular slope: change the sign to its opposite and find the reciprocal ("flip" the number)

new slope is now positive (b/c the original slope was negative 4), and it's 1/4 (not the original slope of 4 or 4/1)