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A credit card company wants your business. If you accept their offer and use their card, they will deposit 2% of your monetary transactions into
A credit card company wants your business. If you accept their offer and use their card, they will deposit 2% of your monetary transactions into a savings account that will earn a guaranteed 4% per year. If your annual transactions total an average of $21,000, how much will you have in this savings plan after 17 years? Click the icon to view the interest and annuity table for discrete compounding when /-4% per year. Quiz No The amount you will have in this savings plan after 17 years equals $ (Round to the nearest cent.)
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