Question: Testbank Multiple Choice Question 86 Debra wants to set aside funds to take an around the world cruise in 6 years. Debra expects that she

Testbank Multiple Choice Question 86

Debra wants to set aside funds to take an around the world cruise in 6 years. Debra expects that she will need $28500 for her dream vacation. If she is able to earn 5% per annum on an investment, how much will she have to set aside today so that she will have sufficient funds available?

$4190.

$20253.

$38191.

$21267.

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