You would like to have $41,000 in 5 years for the down payment on a new house following college graduation by making deposits at the end of every three months in
an annuity that pays 4.25% compounded quarterly. How much should you deposit at
the end of every three months? How much of the $41,000 comes from deposits and
how much comes from interest?

a. You are looking for an annuity that will give $41,000 in 5 years with a quarterly compounding rate of 4.25%.

Convert periods and interest to quarterly rate.

Period = 5 * 4 = 20 quarters

Interest = 4.25 / 4 = 1.0625‬%

41,000 = Annuity * ( [ 1  +  i ] ^n - 1 )/i

41,000 = Annuity * ( [ 1 + 1.0625%]²⁰ - 1) / 1.0625%

41,000 = Annuity * 22.1534596596

Annuity = 41,000 / 22.1534596596

= $1,851

b. There were 20 payments of $1,851 made which totals:

= 1,851 * 20

Cash from deposits = $‭37,020‬

Cash from interest = 41,000 - ‭37,020‬ = $3,980

uhhh idk u yolo?

the answer would be d

straight away you can eliminate a and c because not all books contain a scientific skill because some may be fiction. c is also wrong because it saids that the only way children can learn is through books which is incorrect.

b is also wrong because reading can be a scientific skill but not always, therefore it is wrong which leaves you with d, the correct answer since it said that it can children learn.

hope this ! : 3