If You Are Saving for an Overseas Trip and Put

question 18

Multiple Choice

If you are saving for an overseas trip and put $400 every month into an account paying 6.8% per annum,compounding monthly,how much will you have at the end of 3.25 years?

• A) $5014.43
• B) $16 907.41
• C) $17 001.84
• D) $17 403.22

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Definitions:

Disadvantages

Drawbacks or obstacles that reduce effectiveness or hinder progress.

Organizational Structure

The system of rules, roles, and responsibilities within an organization that outlines how activities are directed in order to achieve the organization's goals.

Investigational

Pertaining to the process of conducting systematic inquiry or investigation to discover or examine facts.

Exploitative

Utilizing someone or something unfairly for one's own advantage.