Multiple Choice
A friend plans to buy a gaming system and can afford to set aside $1320 towards 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) $1444
B) $1604
C) $1764
D) $1283
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Which of the following is the formula
Q19: The time value of money is created
Q20: The present value of a single sum
Q25: Timelines used to visualise cash flows normally
Q26: All else constant, the present value of
Q27: If you put $6000 in a savings
Q28: How much money must be put into
Q31: When using a financial calculator, which of
Q73: When using a financial calculator, which of
Q83: A timeline represents the value of a