Anne Plans to Save $40 a Week for the Next

question 43

Multiple Choice

Anne plans to save $40 a week for the next five years.She expects to earn 3 percent for the first two years and 5 percent for the last three years.How much will her savings be worth at the end of the five years?

• A)$10,215.60
• B)$10,684.29
• C)$10,983.58
• D)$11,014.88
• E)$11,708.15

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Definitions:

Collaborative Consumption

A modern economic model involving sharing, swapping, bartering, trading, or renting access to products as opposed to ownership, typically facilitated by community-based online services.

Information Infrastructure

The foundational systems and services that support the management, processing, and exchange of information.

Shared Economy

An economic model based on sharing, renting, or borrowing goods and services rather than owning them, facilitated by peer-to-peer platforms.

Virtual Marketplaces

Online platforms where buyers and sellers meet to exchange goods, services, or information, often transcending geographical and physical boundaries.