Solve the problem.Suppose you start saving today for a 
down payment that you plan to make on a house in 10 years. Assume that you make no deposits into the account after your initial deposit. The account has quarterly compounding and an APR of 3%. How much would you need to deposit now to reach your 
goal in 10 years?
A. $15,490.39
B. $14,832.96
C. $12,342.98
D. $9495.49
Answer: B
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Provide an appropriate response.The average annual percentage yield (APY) that would give the same overall growth is the ______.
A. complete return B. annual return C. total return D. None of the above
Solve the problem.One half of a number is 3 more than one-sixth the same number. What is the number?
A. 12 B. 8 C. 18 D. 9
Use a calculator to find the value of the expression in radian measure rounded to two decimal places.csc-1 
A. 124.85 B. -34.85 C. -0.61 D. 2.18
Aunt Darla has agreed to deposit a lump sum into an account that pays 12% interest compounded annually in order to pay for her niece's college education. The niece estimated that she will need to withdraw $40,000 at the beginning of each year for four years to pay for room, board, tuition, and books. Aunt Darla will deposit the lump sum on August 1, 2016, and the niece will make the first withdrawal on August 1, 2022. ? Required: ? Determine the amount that Aunt Darla must deposit. Clearly label all work.
What will be an ideal response?