Katie had a high monthly food bit before she decided to cook at home every...
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Accounting
Katie had a high monthly food bit before she decided to cook at home every day in order to reduce her expenses. She starts to save $850 every year and plans to renovate her kitchen. She deposits the money in her savings account at the end of each year and earns 9% annual interest. Katie's savings are an example of an annuity. If Katie decides to renovate her kitchen, how much would she have in her savings account at the end of eight years? O $9,374.20 $10,217.88 $10,217.88 $9,374.20 $4,704,60 $12,772.35 $7,968.07 $5,128.01 by the end of eight If Katie deposits the money at the beginning of every year and everything else remains the same, she will save years
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