(A)How Long Will It Take Barbara to Accumulate $30,000 to Buy

question 40

Essay

(a)How long will it take Barbara to accumulate $30,000 to buy a car if she invests $15,000 at 5%? (b)How long will it take if she invests the same amount at 4% semi-annually?

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Definitions:

Geographic Reach

The scope or extent of an area covered by the operations, services, or influence of a business or organization.

BlackBerry

A line of smartphones and services designed and marketed by the Canadian company BlackBerry Limited.

Market Share

Refers to the portion of a market controlled by a particular company, product, or brand.

Smartphones

Portable electronic devices that combine mobile communication and computing functions.