Suppose that a family wants to start a college fund for their child. If they can get a rate of 5.2%, compounded monthly, and
want the fund to have a value of $55,500 after 20 years, how much should they deposit monthly? Assume an ordinary annuity
and round to the nearest cent.
a $131.93
b. $2,662.49
c. $1,643.30
d. $3.446.64
Please select the best answer from the choices provided

use an equation of ratios to determine the amount of gas needed to fill the tank.

    0.2             0.8

  =    

288.75             x

                                                              231 gal

so, 0.2x = (0.8)(288.75 gal), and x = = 1155 gal.

                                                                0.2

it would take 1155 gal. to fill the tank.

the cost would be

1155 gal         $3

* = $3465   (answer)

      1           1 gal

hope this you

step-by-step explanation:

bob the banana

a = 3.14

b = 18

c = 18/5 or 3.6 or 3 3/5

step-by-step explanation: