A credit card company wants your business, Ifyou accept their offer and use their card, theywill deposit 1% of your monetary transactionsinto a savings account that will earn aguaranteed 5% per year. If your annualtransactions total an average of 20,000. Howmuch will you have in this savings plan after15 years?

A credit card company wants your business, you accept their offer and use their card, the will deposit 1% of your monetary transaction into a savings account that will earn a guaranteed 5% per year. If your annual transactions total an average of 20,000. How much will you have in this savings plan after 15 vears?

A credit card company wants your business, you accept their offer and use their card, the will deposit 1% of your monetary transaction into a savings account that will earn a guaranteed 5% per year. If your annual transactions total an average of 20,000. How much will you have in this savings plan after 15 vears?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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