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Nata [24]
2 years ago
15

Suenette plans to save $600 at the end of Year 1, $800 at the end of Year 2, and $1,000 at the end of Year 3. If she earns 3.4 p

ercent on her savings, how much money will she have saved at the end of Year 3?
Business
1 answer:
Kay [80]2 years ago
5 0

Answer:

Total savings= $2,468.7

Explanation:

Giving the following information:

Suenette plans to save $600 at the end of Year 1, $800 at the end of Year 2, and $1,000 at the end of Year 3.

Annual rate= 3.4%

To calculate the final value of the investment, we need to apply the following formula to each deposit:

FV= PV*(1+i)^n

Deposit 1= 600*1.034^2= 641.50

Deposit 2= 800*1.034= 827.2

Deposit 3= 1,000

Total= $2,468.7

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Hope this help!!

6 0
2 years ago
Jaune Magazine (JM) must decide whether or not to publish a tell-all story about a celebrity. If the story ends up having major
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Answer:

The correct option is A, risk averse

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3 0
2 years ago
Four months ago, you purchased 1,300 shares of lakeside bank stock for $23.32 a share. you have received dividend payments equal
Marina CMI [18]
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2 years ago
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Studentka2010 [4]

Answer:

It is the sole responsibility of supervisors.

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Strategic planning can span for years.

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I hope my answer helps you.

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