Miller's Hardware Plans on Saving $42,000, $54,000, and $58,000 at the End

question 108

Multiple Choice

Miller's Hardware plans on saving $42,000, $54,000, and $58,000 at the end of each year for the next three years, respectively.How much will the firm have saved at the end of the three years if it can earn 4.5% by reinvesting its saving?

• A)$160,295.05
• B)$158,098.15
• C)$167,508.33
• D)$165,212.57

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