Question: i need help please Planning #16 (similar to): Future Value Question Help Future Value of Annuity. Kirk can take his $1,090 Income tax refund and
Planning #16 (similar to): Future Value Question Help Future Value of Annuity. Kirk can take his $1,090 Income tax refund and invest it in a 36-month certificate of deposit at 7%, compounded monthly, or he can use tho money to purchase a home entertainment system and put $38 a month in a bank savings account that will pay him 7% annual interest. Which choice will give him more money at the end of three years? After depositing his income tax refund, at the end of three years Kirk will have $ (Use your financial calculator Round to the nearest cont.)
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