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gabe is getting married in three years and wants to save $20,000 for his wedding. he opens an account earning 6% interest, compounded monthly. find the periodic monthly deposit (payment) needed to achieve a balance of $20,000 after three years.

$509

Step-by-step explanation:

Given : Gabe is getting married in three years and wants to save $20,000 for his wedding. He opens an account earning 6% interest, compounded monthly.

According to the given description, we have

A= $20,000 , r= 6%=0.06 , t= 3 years , n= 12  [1 yearn = 12 months]

Formula to find Periodic monthly deposit :-

Substitute given values in the above formula , we get

Hence, the  periodic monthly deposit (payment) needed to achieve a balance of $20,000 after three years= $509.

answer: the two figures are congruent.

step-by-step explanation: they're congruent because figure efgh is reflected across the x and y axis but it was also rotated.

hope it !

just needed some points but try socratic