Allison Jones of Flagstaff, Arizona, is considering paying $380 a year for an extended warranty on several of her major appliances. If the appliances are expected to last for five years and she can earn 2 percent on her savings, what would be the future value of the amount she will pay for the extended warranty? 

Answer rating: 100% (QA)

Let us assume that the first Payment will occur at the end of year 1 So we can use the F... View the full answer