Tony wants to save 10,000 in 6 years. Assuming interest rate what is the minimum he must save month to goal?

Tony wants to save $10000 in 6 years. which is approx $123. Hence final answer is C) $123.

c

Step-by-step explanation:

We have been given that Tony wants to save $10000 in 6 years.

That means future value S = $10000

Time t= 6 years

Interest rate = 4% yearly = 0.04 yearly

n=12 months per year

Now we have to find monthly payment to recieve $10000 in 6 years. so we need to apply monthly payment formula which is

which is approx $123.

Hence final answer is C) $123.

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step-by-step explanation:

y-1700=200(x+4)

step-by-step explanation:

200(x+4) is 200x + 800 she is saving 200 per week x is the weeks and the -1700 is. us that’s howmuch she already had