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8. You think to yourself, I should start saving some money for a real adventure next time. Maybe one where I do not have to
8. You think to yourself, I should start saving some money for a real adventure next time. Maybe one where I do not have to solve to get on rides! You think of going on a Euro Trip. But you want to invest in some money first. You walk into a bank for advice. A representative gave you three pamphlets: Option A: Option B: Option C: Invest $600 for 2 years that earns 7% compounded monthly. Invest $600 for 2 years that earns 7% at simple interest Make a monthly deposit of $25 for 2 years at an interest rate of 7% compounded monthly. a) Calculate the final amount that you will earn for each option. Follow instruction for parts i) and ii). i) Answer Manually for Options A and B. [/6] Answer using Graphing Calculator for Options A and C. Option A Option C TVM solver TVM solver N = N = I = I = PV = PV = PMT = PMT = FV = FV = P/Y = P/Y = C/Y = C/Y =
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