You want $5000 4 years from nowfor a down payment for a car. How much money must be deposited monetly into an account earning 4.2% compounded monthly to achieve this goal?

$95.5090 must be deposited monthly

Step-by-step explanation:

From the information given:

The annual interest rate (r) = 4.2% = 0.042

Let assume that an amount Y is deposited, then after one month, it will increase to:

The total amount after 4 years will be:

Using the sum of a geometric progression:

The above amount is then equal to $5000

i.e

solution:

we have to construct

∠m nt ≅ ∠p qr

the steps to draw this construction are

step 1: use a compass to draw an arc from point q which intersects the side pq at point a and the side qr at point b.

step 2: draw a segment nt and use the same width of the compass to draw an arc from point n which intersects the segment nt at a point x.

step 3:

step 4: join points n and y using a straightedge.

step 3:

option (d).maintaining the same width of the compass as ab, draw an arc from point x such that it intersects the arc drawn from n in a point y.

to draw   congruent angles , 1. width of compasses while drawing two angles should be same i.e from point at which angle has to be drawn, 2.the distance between the two points where the compass intersects the two sides should be same while drawing any two congruent angles.