judit received the proceeds from an inheritance on march 25. She wants to set aside enough on March 26 so that she will have $20 000 available on october 1 to purchase a car when the new models are introduced. If the current interest rate on the 181 - 270 day term deposits is 3.75% what amount should she place in the term deposit?
i'm confused on the time line
i'm not sure on where she deposits the 20,000 dollars
r = 0.0375
i = 20,000 (? )