Camila plans to go for vacation to Australia in 5 years from now. She estimates that she will need $26,671 for the trip? How much does she need to place in a saving account today that earns 8.48 percent per year (compounded quarterly) to accumulate this amount?

Answer rating: 100% (QA)

Amount Principal 1 R100T R Rate of interest compounded quarterl... View the full answer