Thursday 7 June 2012

A friend plans to buy a big-screen TV/entertainment system and can afford

A friend plans to buy a big-screen TV/entertainment system and can afford to set aside $1,320 toward the purchase today. If your friend can earn 5.0%, how much can your friend spend in four years on the purchase? Round off to the nearest $1.
a.$1,444
b.$1,604
c.$1,764
d.$1,283

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