Sean is planning to go on a Europe vacation to celebrate Leanne's retirement 6 years from now. The estimated expense for the couple is $100,000. If he can earn 4% compounded quarterly, how much will he need to invest now so that he receives $100,000 after six years? 

Answer rating: 100% (QA)

To calculate how much Sean needs to invest now we can use the compound interest f... View the full answer