A friend plans to buy a big-screen TV/entertainment system - 1635

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Price: $1.25
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  • Posted on: Tue 13 Mar, 2012
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Request Description

A friend plans to buy a big-screen TV/entertainment system and can afford to set aside $1,320 toward the purchase today. If your friend can earn 5.0%, how much can your friend spend in four years on the purchase? Round off to the nearest $1.

a.           $1,444

b.           $1,604

c.           $1,764

d.           $1,283

Solution Description

A friend plans to buy a big-screen TV/entertainment system and can afford to set aside $1,320 toward the purchase t