guerrero25 wrote:
Jim earns $I this year and will not earn anything next year. If he deposits some of his income at First Ranch Savings Bank, he will earn an interest of b per year per dollar deposited. What fraction of his income should Jim deposit, in terms of b, to ensure he spends the same amount next year as he spends this year? (Assume that Jim spends all money that he does not deposit)
(A)1/ b+1
(B)1/2b+1
(C)1/3b+2
(D)1/b+2
(E)1/2b+3
"Stolen" OG question:
Quote:
This year Henry will save a certain amount of his
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