Mathematics, 03.05.2021 19:10 ijohnh14

Tuition per year at university of north texas is estimated to cost $11000 per year. Trinity already has $5000 in her college savings account. The table below shows the future savings account balance based on different monthly contributions. Initial balance || $5000 | $5000 | $5000 | $5000
(dollars)
Monthly Deposit || $100 | $200 | $300 | $400
(dollars)
Account Value in || $12273 | $18737 | $25202 | $31667
Five years
(dollars)

What would Trinity have to deposit each month, in order for her to save enough money in her account to pay for the first 2 years at University of North Texas?

Answers: 1

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