Business
Business, 14.12.2019 05:31, Animallover100

Jenna would like to purchase a new car in three years. if she saves $1000 per year in an account that pays 8% annual interest for the next 3 years, how much will she have saved for a down payment? (round the final answer to the nearest dollar.) values for i = 8%, n = 3
present value of an ordinary annuity of $1 2.577
present value of $1: .772
future value of an ordinary annuity of $1 3.246
future value of $1:

a. $ 1.260
b. $ 3246
c. $ 3772
d. $ 3577
e. $ 2577

answer
Answers: 1

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