Julien's parents want $64,000 at the end of 3 years. They put their money in an account that yields 10% per year compounded monthly. Julien's parents should deposit $. Round your answer to the nearest dollar.

Step-by-step explanation:

Given

Julien's parents want $64,000 at the end of 3 years

The rate of interest is 10% annually

Suppose they invested P amount initially

So, compound interest, compounded monthly is

That vector is

8.6(cos(-39°), sin(-39°)) ≈ (6.683, -5.412)

A vector that is (r, θ) in polar coordinates is (r·cos(θ), r·sin(θ)) in rectangular coordinates.