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anonymous
 one year ago
If you invest $2,000 today in a bank that gives you a 4 percent annual interest rate, which of these items can you buy in seven years?
A) A home theater system worth $3,000
B) A designer dress worth $2,700
C) A mountain bike worth $2,500
anonymous
 one year ago
If you invest $2,000 today in a bank that gives you a 4 percent annual interest rate, which of these items can you buy in seven years? A) A home theater system worth $3,000 B) A designer dress worth $2,700 C) A mountain bike worth $2,500

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anonymous
 one year ago
Best ResponseYou've already chosen the best response.01any one of the three 2 A and C both 3 B and C both

jigglypuff314
 one year ago
Best ResponseYou've already chosen the best response.2There is this equation, A = P(1+r)^(t) Where A is the ending amount P is the starting amount r is the rate and t is the number of years we can plug in P = 2000 r = 0.04 and t = 7 into this equation and get A = 2000(1.04)^(7) now if you plug that into your calculator, that will be how much money you will have after 7 years the value of the items you can purchase will have to be less than that number I hope this helped :)

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@jigglypuff314 This is what I got for my final answer /_^ 2631.86355

UsukiDoll
 one year ago
Best ResponseYou've already chosen the best response.1although that's correct let's clean it up...

UsukiDoll
 one year ago
Best ResponseYou've already chosen the best response.1you have way too many decimal places most items for sale at that amount are listed as 1000.00

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@UsukiDoll Your right so its either B or C

UsukiDoll
 one year ago
Best ResponseYou've already chosen the best response.1O_O well for one of the items... you need to pay the difference

UsukiDoll
 one year ago
Best ResponseYou've already chosen the best response.1sigh...interest doesn't give that much these days T_T

jigglypuff314
 one year ago
Best ResponseYou've already chosen the best response.2you can only for something if you *have* more money than the item's price (my grammar has failed me, I apologize)

UsukiDoll
 one year ago
Best ResponseYou've already chosen the best response.1you have $2631.86 and you can only use that money

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0@jigglypuff314 @UsukiDoll Thank you guys <3 ur the best haha
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