Use Tables 12-1 and 12-2 from Your Text to Answer

question 38

Short Answer

Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Vassar Ingraham is saving to purchase a new car after graduation in 4 1/2 years. She estimates she will need $19,100 for the car, and sets up a plan whereby she deposits equal amounts into a savings account at the END of every 3-month period. Her bank is currently paying 6% interest compounded quarterly. Of the total amount in her savings account at the END of 4 1/2 years, how much of it did she deposit?

---

Definitions:

Oil Shale

A fine-grained sedimentary rock containing organic materials that can be processed to produce shale oil, a type of unconventional oil.

Rocky Mountains

A major mountain range in western North America, extending from Canada through the United States.

Sulfur Dioxide

A toxic gas with a sharp, irritating smell, commonly produced by volcanic activity and industrial processes.

Acid Rain

Rainfall made acidic by atmospheric pollution that causes environmental harm, typically to forests and lakes.