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In: Finance

If you save $500 today, $1,000 a year from today, and $2,000 two years from today...

If you save $500 today, $1,000 a year from today, and $2,000 two years from today in an account that earns 12% per year, compounded monthly, how much will you have in three years?

Group of answer choices

$4,238.77

$4,694.68

$3,920.00

$4,196.86

Solutions

Expert Solution

jeff jeffy answered 2 years ago
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