Jane wants to set aside funds to take an around the world cruise in four years. Assuming
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Question:
Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $20,000 to invest today in an account expected to earn 6% per annum, how much will she have to spend on her vacation?
a. $15,840.
b. $25,250.
c. $87,491
d. $26,765.
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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