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1. After seeing how much you can make in class by giving up your latte everyday, you decide at age 24 to start saving

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1. After seeing how much you can make in class by giving up your latte everyday, you decide at age 24 to start saving for a down payment on a house. You would like to buy a house in 6 years. Your Great Aunt Mabel gave you a gift of $5000 at Christmas. You can't decide if you should invest all the money for the house or not. a. Find the amount you will have in 6 years in each option. Option A: Option B: Option C: b. Which savings plan is the best option for you? Explain why you chose that option. A B. Use the $5000 for other needs and invest $100 each month in a high interest savings account that eams 5.2% APR compounded monthly Invest the $5000 you got from Great Aunt Mabel in an investment that averages 7% annual interest compounded monthly. C. Invest $2000 of the money from Great Aunt Mabel and $50 each month in the investment that averages 7% annual interest compounded monthly use the other $3000 of Great Aunt Mabel's money for other needs.

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