Jenna Would Like to Purchase a New Car in Three

question 63

Multiple Choice

Jenna would like to purchase a new car in three years.If she saves $1000 per year in an account that pays 8% annual interest for the next 3 years,how much will she have saved for a down payment? (Round the final answer to the nearest dollar. )
Values for i = 8%,n = 3

• A)$3246
• B)$3772
• C)$3577
• D)$2577

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Definitions:

Religious Language

The specialized vocabulary and forms of speech used within a particular religious tradition to express beliefs, rituals, and moral values.

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, often for vivid or imaginative comparison.

Confederacy's Lack

The deficiencies or shortages experienced by the Confederate States during the American Civil War.