Question: ? Assume that you are saving for a trip to several countries that you and three of your college friends are planning to take 5

a Assume that you are saving for a trip to several countries that you and three of your college friends are planning to take

Page Sio Assume you are to receive $1.000 cash on cach December 31 for three years: 2018, 2019, and 2020. How much would the

ID 8.9826 X.5702 8.2128 8.1109 80109 7.7213 2.1 3.0236 6.7101 30 16.3514 14.8275 13.8962 13.5904 13.29444 12.4622 114699 ID 5

Assume that you are saving for a trip to several countries that you and three of your college friends are planning to take 5 years after graduation. You want to save $15,000 for the trip. Assume that you will make deposits at the end of each quarter for 5 years in an investment that earns 8% compounded quarterly. How much must you invest each quarter to reach your goal? Show your calculation.

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