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| rev | Admin | (Created page with "Joe plans on going to Cal Tech. He will need to pay 4 payments of $50,000 when he goes there. In order to do this he will deposit x into an account every month that earns 8% interest convertible monthly for 7 years. He will take out the payments at the end of the last 4 years at the end of the year. After the last withdrawal the account will be exhausted. Calculate x. <ul class="mw-excansopts"><li>$2,084.95</li><li>$2,016.80</li><li>$2,019.78</li><li>$3,534.01</li><li>$...") | Nov 22'23 at 0:14 | +757 |