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The accompanying table shows Francesca's estimated annual benefits of holding different amounts of money. Average money holdings Total benefit $ 700 $ 50 800 59
The accompanying table shows Francesca's estimated annual benefits of holding different amounts of money. Average money holdings Total benefit $ 700 $ 50 800 59 900 66 1,000 71 1,100 74 How much money will Francesca hold if the nominal interest rate is 6 percent? (Assume she wants her money holdings to be in multiples of $100.) Group of answer choices $700 $800 $900 $1000
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