Juanita Domingo's parents want to establish a college trust for her. They want to make 16 quarterly withdrawals of $2000, with the first withdrawal 3 months from now. If money is worth 6.7%, compounded quarterly, how much must be deposited now to provide for this trust?

The amount to be deposited now to provide for this trust is $119,392.16.

Step-by-step explanation:

This problem is based on ordinary annuity.

An ordinary annuity is a sequence of fixed payments made, every consecutive period, over a fixed interval.

The formula to compute ordinary annuity is:

Here qⁿ is:

Compute the ordinary annuity as follows:

Thus, the amount to be deposited now to provide for this trust is $119,392.16.

38.5

step-by-step explanation:

lets say, first number = r

second number = 3r+7

total = 49

(r)+(3r+7)= 49

4r+7 = 49

4r = 42

r = 42/4

r= 10.5

3r+7 = 3(10.5)+7 = 38.5

hope this

answer: yes, since the line has a steeper rate of change than the exponential the y-values will be greater and they will only intersect one time.