Amy wants to pay cash in six years for a $45,000 new car. her savings account pays 3 percent, compounded quarterly. she wants to have her savings taken out of her check automatically. she gets paid on the 1st and 15th of every month. how much is her paycheck deduction?

15000

Step-by-step explanation: i think its that because its being deducted by 3%

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.