3. arya wants to take a trip to japan in 8 years. she knows she will need about $4,200. how much should
she deposit into an account, now, that pays 3.5% interest, compounded daily, to meet her goal? round
to the nearest dollar.
a $1,026
b. $1,706
c. $3,174
d. $3,781

c. $3,174

Step-by-step explanation:

Using a financial calculator, enter the following inputs to find the Present value (PV) ;

Future value; FV = 4,200

Total duration ; N = 2,920  (365 days in a year times 8 years; 8 * 365 = 2920)

Daily interest rate; I = 3.5% /365 = 0.009589%

PMT = 0

then CPT PV = 3,174.338

Therefore, Arya should deposit $3,174

option c) graph of line going through 1, 4 and 3, 10

step-by-step explanation:

let y equal to margo's coin collection

let x equal to number of years

at the begining x=0, y=1 → point=(x,y)→point=(0,1)

she adds 3 coins per year, then y=1+3x

at x=1, y=1+3(1)=1+3→y=4→point=(x,y)→point=(1,4)

at x=3, y=1+3(3)=1+9→y=10→point=(x,y)→point=(3,10)

the graph of line going through (1, 4) and (3, 10), then the option c is the correct.