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Suppose Christian stops for coffee a given number of times a week. Use the information in the following table to calculate how much Christian would
Suppose Christian stops for coffee a given number of times a week. Use the information in the following table to calculate how much Christian would save if he deposited the amount he would spend on coffee into an ordinary annuity instead. Assume there are four weeks in a month.
tabletableNumber of CoffeesPer WeektablePrice ofOne CuptableInterest Ratefor AnnuitytableNumber ofYears$
Christian would have $ in the annuity.
Round to the nearest cent as needed.
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