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You are saving for your education that will start in 4 years time. You have...

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Finance

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You are saving for your education that will start in 4 years time. You have several different approaches to save enough money: 1. You have $5400 in a savings account earning 6% compounded quarterly 2. You believe you can save your tips from work saving $230 each month earning 5% compounded monthly 3. You plan to borrow the rest when you begin your studies. You believe you can afford $340 monthly over 3 years at 8% interest compounded monthly. The loan payments will be at the end of each month. How much will you have saved by the time you start your education in 4 years time

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