Number of Coffees Price of One Cup $4.20 Interest Rate for Annuity 3.6% Number of Years 13 Per Week

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Suppose Christian stops for coffee a given number of times a week. Use the information in the following table to calculate how much Christian would save if he deposited the amount he would spend on coffee into an ordinary annuity instead. Assume there are four weeks in a month.

(TABLE IS IN IMAGE)

Christian would have $____ in the annuity

Number of Coffees
Price of
Interest Rate
Number of
for Annuity
3.6%
Per Week
One Cup
Years
7
$4.20
13
Transcribed Image Text:Number of Coffees Price of Interest Rate Number of for Annuity 3.6% Per Week One Cup Years 7 $4.20 13
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