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Judy likes to have a coconut latte in the afternoon between classes. She spends $4.50 on the latte 5 days a week, she is spending $22.50 a week or $360 a semester. If Judy decided she was going to deposit the $360 in a savings account instead of spending it on lattes, how much money will Judy have at the end of the year if her savings account earns 4% APR?

Judy likes to have a coconut latte in the afternoon between classes. She spends $4.50 on the latte 5 days a week, she is spending $22.50 a week or $360 a semester. If Judy decided she was going to deposit the $360 in a savings account instead of spending it on lattes, how much money will Judy have at the end of the year if her savings account earns 4% APR?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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5. Judy likes to have a coconut latte in the afternoon between classes. She spends $4.50 on the latte 5 days a week, she is spending $22.50 a week or $360 a semester. If Judy decided she was going to deposit the $360 in a savings account instead of spending it on lattes, how much money will Judy have at the end of the year if her savings account earns 4% APR? 1
Transcribed Image Text:5. Judy likes to have a coconut latte in the afternoon between classes. She spends $4.50 on the latte 5 days a week, she is spending $22.50 a week or $360 a semester. If Judy decided she was going to deposit the $360 in a savings account instead of spending it on lattes, how much money will Judy have at the end of the year if her savings account earns 4% APR? 1
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