Angela has just received an insurance settlement of $22,500. She wants to save this money until her daughter goes to college. If she can earn an average of 4.7 percent, compounded annually, how much will she have saved when her daughter enters college 6 years from now?

a. $30,106.14
b. $30,929.02
c. $31,374.89
d. $29,875.06
e. $29,638.94

Ans: e. $29,638.94

Business

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Which of the following illustrates channel conflict between a manufacturer and its retailer customers?

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Business