Question

The Norris Family invest $6000 into an account that earns 3.25% annual interest. They deposit an additional $140 each month. At the end of six years, will the value in the account be enough to pay for at least the first year college?

Answer 1

$6000x3.25%=195(year)

140x12=1680 (year)

1680+195=1875(year)

1875x6=11250

At the end of 6 years they will have 11,250 in the bank

(You didn't include the 'price' of college.)

Answer 2

Answer:

No

Step-by-step explanation: