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Sean has just finished his exams and would like to buy himself a new MacBook Pro. The retail price of this laptop is $2,299. Sean
Sean has just finished his exams and would like to buy himself a new MacBook Pro. The retail price of this laptop is $2,299. Sean saves $95 every month for the next 12 months and then $135 every month for the subsequent 6 months. If the interest rate on a savings account is 5.5% pa compounded semi-annually, would Sean have enough money to purchase the MacBook Pro and how much deficit or surplus would result? O No; there is still a deficit of $34.21 needed to purchase Yes: there is a surplus of $87.67 after purchasing O No; there is still a deficit of $84.74 needed to purchase Yes; there is a surplus of $71.20 after purchasing Yes, there is a surplus of $54.98 after purchasing 2 pt
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