Question: Saving for a computer (10 marks). You have $1,200 and wish to buy a computer that costs $1,350. You find an investment that increases by
Saving for a computer (10 marks). You have $1,200 and wish to buy a computer that costs $1,350. You find an investment that increases by 0.6% each month, and you put the $1,200 into the account. You must show details of your calculations to receive marks: a) How much is in your account 11 months after you start saving? (5 marks) b) When will the account enable you to purchase the computer? (5 marks)
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