Question
Mr Hypebeast wants to impress his crush. After brainstorming some ideas, he decides that the best course of action is to improve his fashion sense.
Mr Hypebeast wants to impress his crush. After brainstorming some ideas, he decides that the best course of action is to improve his fashion sense. There are two upcoming releases that he is interested in. He wants to purchase a $299 shirt from the Acne Studios SS22 collection in 4 weeks' time as well as a $1499 hoodie from the Supreme x Burberry collection in 6 weeks' time. Mr Hypebeast must wait for his next paycheck, which he will receive in 2 weeks. What amount must Mr Hypebeast set aside from his next paycheck to ensure that he can afford both purchases? Assume that Mr Hypebeast is able to earn an interest rate of 9% per annum compounded monthly on his savings. Any intermediate steps should be rounded to 4 or more decimal places. Round your final answer in dollars to 2 decimal places and exclude the dollar sign ($). For e.g., $10,784.6518 should be input as 10784.65.
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