A person donated $160,000 to a university to establish a scholarship fund. What is unusual is that the entire amount came from what the person was able to save each month over
76 years while working at a low-wage job
(a) How much would the person have to put into a savings account at the end of every 3 months to accumulate $160,000 over 76 years? Assume an interest rate of 4.75%
compounded quarterly
(b) Answer part (a) using a 3% and a 8% interest rate.
(a) The necessary deposit is $4.75%
(Do not round until the final answer. Then round to the nearest cent as needed)

Respuesta :

Answer:

That should be me - Justin Bieber

Explanation:

[Chorus]

That should be me holdin' your hand

That should be me makin' you laugh

That should be me, this is so sad

That should be me, that should be me

That should be me feelin' your kiss

That should be me buyin' you gifts

This is so wrong, I can't go on

'Til you believe that that should be me

[Bridge]

I need to know, should I fight for love or disarm?

It's gettin' harder to shield this pain in my heart

Oooh

[Chorus]

That should be me holdin' your hand

That should be me makin' you laugh

That should be me, this is so sad

That should be me, that should be me

That should be me feelin' your kiss

That should be me buyin' you gifts

This is so wrong, I can't go on

'Til you believe that that should be me

Holdin' your hand, that should be me

The one makin' you laugh oh baby, oh that should be me

That should be me givin' you flowers, that should be me talking for hours

That should be me, that should be me, that should be me

[Outro]

Never shoulda let you go, I never shoulda let you go

That should be me

I'm never gonna let you go

That should be me

I never shoulda let you go

I'm never gonna let you go

That should be me

I'm never gonna let you go