Question
JACKE is starting university 4 years from today and could like to buy a brand-new MacBook on her first day. The MacBook will cost $2,788,
JACKE is starting university 4 years from today and could like to buy a brand-new MacBook on her first day. The MacBook will cost $2,788, and JACKE would like to set aside an equal amount at the end of each year in an account that will yield a 7% annual return. How much should she set aside per year?
Multiple Choice
$697.00
$627.94
$823.15
$531.81
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
