A Man Estimates That the Computer He Plans to Buy

question 139

Multiple Choice

A man estimates that the computer he plans to buy in 17 months will cost $3,100.To meet this goal, how much should he deposit in an account paying 12.6%, compounded monthly?

• A)$2,565.64
• B)$2,575.64
• C)$2,599.64
• D)$2,595.64
• E)none of the above

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Definitions:

Plants

Living organisms belonging to the kingdom Plantae that typically conduct photosynthesis and have a fixed structure including roots, stems, and leaves.

Concreteness

Refers to the quality of being specific, real, and tangible rather than abstract.

Bran Flakes

A type of breakfast cereal made from bran, which is the hard outer layer of cereal grains.

Food

Any nutritious substance that people or animals eat or drink, or that plants absorb, in order to maintain life and growth.