A typical pack-a-day smoker in atlanta ga spends 612 a day, Financial Management

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A typical pack-a-day smoker in atlanta ga spends 612 a day

A typical pack-a-day smoker in Atlanta, GA spends $6.12 a day on cigarettes. Suppose the smoker invests this money at the end of each month in a saving account at 2.5% compounded monthly. What would the account be worth after 40 years? (HINT: you will need to first find the monthly cost of the daily spending-assume 30 days a month.)

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Financial Management: A typical pack-a-day smoker in atlanta ga spends 612 a day

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