Multiple Choice
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%, compounded yearly, 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
Correct Answer:
Verified
Correct Answer:
Verified
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