Tuition of $ will be due when the spring term begins in months. What amount should a student deposit today, at %, to have enough to pay the tuition? The student should deposit $ 1200.

some numbers are missing, so I looked for similar questions:

"Tuition of $1044 will be due when the spring term begins in 7 months. What amount should a student deposit today, at 7.62% to have enough to pay the tuition?"

we can use the present value formula to solve this:

present value = future value / (1 + r)ⁿ

present value = $1,044 / (1 + 0.00635)⁷ = $1,044 / 1.045305791 = $998.75

if the numbers are not the same, just adjust the formula inputting the correct numbers, but the procedure should be the same.

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30