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...


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.


(TABLE IS IN IMAGE)


Christian would have $____ in the annuity


Number of Coffees<br>Price of<br>Interest Rate<br>Number of<br>for Annuity<br>3.6%<br>Per Week<br>One Cup<br>Years<br>7<br>$4.20<br>13<br>

Extracted text: Number of Coffees Price of Interest Rate Number of for Annuity 3.6% Per Week One Cup Years 7 $4.20 13

Jun 05, 2022
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