Suppose that a family wants to start a college fund for their child. If they can get a rate of 7. 5%, compounded monthly, and want the fund to have a value of $75,000 after 18 years, how much should they deposit monthly? Assume an ordinary annuity and round to the nearest cent. A. $164. 98 b. $165. 30 c. $166. 21 d. $167. 52.

12

Step-by-step explanation:

Select the GCF of these numbers. 48 and 60

We find the GCF of 48 and 60 using factorisation method.

The factors of 48 are: 1, 2, 3, 4, 6, 8, 12, 16, 24, 48

The factors of 60 are: 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, 30, 60

Then the greatest common factor is 12.

Therefore, the greatest common factor of 48 and 60 is 12