You expect to save $1,000 at the beginning of every year for 8 years. During...
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Finance
You expect to save $1,000 at the beginning of every year for 8 years. During the first 3 years, your savings will earn 4%, compounded semi-annually. During the last 5 years, your savings will earn 5%, compounded monthly. How much money will you have after 8 years? Round to the nearest dollar.
Select one:
a.
$9,844
b.
$9,991
c.
$9,576
d.
$9,071
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