document.write( "Question 1166047: Abdol Akhim has just come from a Personal Finance class where he learned that he can determine how much
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document.write( "his savings will be worth in the future. Abdol is completing his two-year business administration degree this
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document.write( "semester and has been repairing computers in his spare time to pay for his tuition and books. Abdol got out his
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document.write( "savings records and decided to apply what he had learned. He has a balance of $1,000 in a money market
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document.write( "account at First Savings Bank, and he considers this to be an emergency fund. His instructor says that he
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document.write( "should have 3-6 months of his total bills in an emergency fund. His bills are currently $700 a month. He also
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document.write( "has a checking account and a regular savings account at First Savings Bank, and he will shift some of his
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document.write( "funds from those accounts into the emergency fund. One of Abdol’s future goals is to buy a house. He wants to
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document.write( "start another account to save the $8,000 he needs for a down payment.
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document.write( ".Questions
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document.write( "1) How much interest will Abdol receive on $1,000 in a 365-day year if he keeps it in the money market account earning
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document.write( "2.25% compounded daily? To answer this question, see table 13-2 at the end of this lab. \n" );
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Algebra.Com's Answer #790520 by solver91311(24713)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "Did you actually read what you posted? \"To answer this question, see table 13-2 at the end of this lab.\" ??? One essential skill for learning mathematics is to be able to use your head for something besides a hat rack.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( "John \n" ); document.write( " \n" ); document.write( "My calculator said it, I believe it, that settles it \n" ); document.write( " ![]() \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "I > Ø \n" ); document.write( " |