29.

Tom is planning to invest the following amounts at 4 percent interest. How much money will he have saved at the end of year 3?

End of year:	Amount saved:
1	$500
2	$800
3	$900

Group of answer choices

$2,200.00

$2,238.47

$2,272.80

$2,309.16

$2,363.71

30.

Which of the following statements is false?

Group of answer choices

A dollar today is worth more than a dollar tomorrow.

A safe dollar is worth more than a risky dollar.

For a given r (or I), as t (or N) increases, PV increases.

An ordinary annuity and a perpetuity are both a series of equal payments.

Only three of the four statements above are true.