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Question 6 (1 point) Jason has saved $4,500 for 8 day trip to Greece. He needs $5,000 for a good hotel room or $6,000 for
Question 6 (1 point) Jason has saved $4,500 for 8 day trip to Greece. He needs $5,000 for a "good" hotel room or $6,000 for a "luxury" hotel room. If the price of hotel rooms remains constant for the next 3 years and Jason expects to earn 6% per year on his investments, will he have enough to afford the "good" hotel room? Can they afford the "luxury" hotel room? Why or why not? Yes, they can afford the "good" hotel room but NOT the "luxury" hotel room because their $4,500 investment will only increase to $5,360 by the end of year three. No, they cannot afford the "good" hotel room or the "luxury" hotel room because their $4,500 investment will only increase to $4,950 by the end of year three. Yes, they can afford the "good" hotel room or the "luxury" hotel room because their $4,500 investment will increase to $5,360 by the end of year three. Yes, they can afford the "good" hotel room or the "luxury" hotel room because their $4,500 investment will increase to $6,360 by the end of year three
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