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Rachel still wants that new camera that costs $3800 for her photography business. Her savings account earns .89% compou...

  1. Rachel still wants that new camera that costs $3800 for her photography business. Her savings account earns .89% compounded monthly.
    1. Rachel wants to know how long it will take her to save for the camera if she makes monthly deposits of $75.
    2. How much will she pay in the long run for the camera if she makes monthly deposits of $75?
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a) Months required to reach $3,800 by depositing $75 every months Amount of camera $3,800.00 Interest rate 0.89% Monthly DepoА a) Months required to reach $3,800 by depositing $75 every months Amount of camera Interest rate Monthly Deposits Months re

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