Estimating Net Worth. Anna has just received a gift of $610 for her graduation,

Question

Estimating Net Worth. Anna has just received a gift of $610 for her graduation, which increased her net worth by $610. If she uses the money to purchase a tablot computer, how will her net worth be affected? If she invests the $610 at 6 percent interest per year, what will it be worth in one year? Click the icon to see the Worked Solution. If she uses the money to purchase a tablet computer, how will her net worth be affected? (Select the best answer below.) O A. Anna's net worth will decrease when she spends the money to purchase the tablet computer B. Buying a tablet computer would not change Anna's net worth as she would be exchanging one asset for another If she invests the $610 at 6 percent interest per year, in one year it will be worth s (Round to the nearest cent )

Explanation / Answer

If she invests $610 at 6% interest for one year:

the worth in one year = A * (1+r)^n.

here,

A = $610

r = 6% =>0.06.

n= 1 year

=> $610*(1.06)^1

=>$646.60.

In one year it will be worth $646.60

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