Essay
Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Aunt Tillie?
Correct Answer:
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FV = 33,000(1.1)7 = $64,308
Aunt Tillie w...View Answer
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Correct Answer:
Verified
Aunt Tillie w...
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