2. Julie has decided save up and donate $5000 to the college she attended. She would like to make that donation in 5 years. She gets paid twice a month. Her savings account earns a 4.75% interest rate. How much does she need to save from each pay period to hit her goal? 3. Mike and Jenn want to save $12,000 for their son's mission. He is 12 years sold and plans to leave at age 18. They plan to invest this into an account making 4.6%. How much to they need to save each month to achieve their goal? 4. Randi plans to save $100 per month for the next 5 years to be able to give a large donation to her favorite charity. She is hoping to have $8,000 in the account at that time. What interest rate will she have to earn to hit her goal?
2. Julie has decided save up and donate $5000 to the college she attended. She would like to make that donation in 5 years. She gets paid twice a month. Her savings account earns a 4.75% interest rate. How much does she need to save from each pay period to hit her goal?
3. Mike and Jenn want to save $12,000 for their son's mission. He is 12 years sold and plans to leave at age 18. They plan to invest this into an account making 4.6%. How much to they need to save each month to achieve their goal?
4. Randi plans to save $100 per month for the next 5 years to be able to give a large donation to her favorite charity. She is hoping to have $8,000 in the account at that time. What interest rate will she have to earn to hit her goal?
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