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Unformatted text preview: ? The choices were: A. B. **answer (see solution in Ch 7 moodle block) C. D. E. What was your answer to multiple choice question #6 ? The choices were: A. **answer (see solution in Ch 7 moodle block) B. C. D. E. F. Julian just received his income tax refund. He would like to save part of his refund for a trip he is planning to take after he graduates. QUESTION: If Julian can earn 8% interest compounded annually, how much of his refund does he need to save today in order to have $2,000 four years from now? If necessary, round your answer to the nearest whole dollar. Do not include decimals or cents in your final answer. SEE BELOW...
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 Spring '08
 Buckless

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