Question
Cody invests $3,000 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end
Cody invests $3,000 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation?
Multiple Choice
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$12,979.20
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$12,480.00
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$11,520.00
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$12,000.00
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$12,739.50
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Government Auditing Standards 2011 Revision
Authors: U. S. Government Accountability Office, Comptroller General Of The United States
1st Edition
1482311372, 978-1482311372
