(Answered) Question1a student would like to take a trip to europe in

Management Studies

Question1:

A student would like to take a trip to europe in two years when he gradutates from college. He has 900 dollars in a savings account and he plans to add 30 dollars per moth starting immediately. The savings account pays a nominal annual rate of 2% compounded monthly. How much will the sutdent have in savings at the end of 2 years.

1660.25
1683.15
1670.06
1671.89

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