In three years’ time Lindiwe is going to need R145 000 to pay for a boat cruise on the Queen Mary. She

In three years’ time Lindiwe is going to need R145 000 to pay for a boat cruise on the Queen Mary. She

immediately starts

 

to make monthly deposits into an account earning 11,05% interest per year, compounded

monthly. Lindiwe’s monthly deposit equals
in Algebra 1 Answers by

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1 Answer

me assume yu wanna no how much $/month her gotta save

tu end up with 145,000$ in 3 yeers, get 11.05%, & add konstant $ evree month

step 1...du math on add 100$/month, yu will hav 4,284.65$ in 3 yeers

145,000 / 4,284.65=33.84173736

so yu need tu put up 3384.173736$/month
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