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Tuition of $2700 is due when the spring term begins in 9 months. What amount should a student deposit today, at 11% to have enough to pay tuition?

Tuition of $2700 is due when the spring term begins in 9 months. What amount should a student deposit today, at 11% to have enough to pay tuition?
asked 49.4k views
5 votes
Tuition of $2700 is due when the spring term begins in 9 months. What amount should a student deposit today, at 11% to have enough to pay tuition?

asked
User Gurkan
by
7.9k points

2 Answers

3 votes
Yeah, he is right i think o.o
answered
User MrQBerrt
by
7.4k points
5 votes
The student should deposit atleast 3,500 to get the job done. But she can deposit a lower amount.
answered
User Ahmed Saeed
by
8.2k points
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