Janie deposits $5,000 into an account that pays 3.7% interest compounded yearly. What is the balance after 8 years?

$6686.52

Step-by-step explanation:

Just write down the answer.

hey there!

if she's saving for six months, let's divide the total number we need for the trip by six, dividing it into the amount that needs to be saved for each month.

500 ÷ 6 =

she needs to save at least this amount each month, so we should use this symbol: ≥

let x be the amount she saves each month.

your final answer is x ≥

hope this !