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Jillie wants to buy a new car but can't afford it right away. She decides to put away S171 today, $2000 at the end of
Jillie wants to buy a new car but can't afford it right away. She decides to put away S171 today, $2000 at the end of year two and $4000 at the end of year three. If the interest rate is 3.8% per annum, compounded annually, then the amount she will have in exactly 3 years is closest to: Select one: a. $6267.24 b. $6346.13 c. $6498.13 d. $6799.44 Next page You invest in your savings account $1,000 today, $2,500 at the end of year one and $2,000 at the end of yn two. If the interest rate is 7.2% per annum, compounded annually, then the amount you will have in exactly three years is closest to: Select one: A. $6,249 B. $5,312 C. $6,544 D. $6,105
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