Mathematics, 15.04.2021 20:50, ayoismeisalex

Mickey has $4,500 in a college savings account, and he will need to contribute $6,000 each year towards his college tuition. Mickey wants to save enough in 3 years to cover his first 2 years of tuition. According to the table, what is the minimum monthly deposit that Mickey should make in order to meet his goal? Starting Value Monthly Deposit Amount in 3 years
$4,500 $150 $10,799
$4,500 $200 $12,709
$4,500 $250 $14,618
$4,500 $300 $16,527

A $150

B $300

C $250

D $200

Answers: 1

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Mickey has $4,500 in a college savings account, and he will need to contribute $6,000 each year towa...