Question: Three years from now, a couple plans to spend 4 months traveling in China, Japan, and Southeast Asia. When they take their trip, they would

Three years from now, a couple plans to spend 4 months traveling in China, Japan, and Southeast Asia. When they take their trip, they would like to withdraw $11,000 at the beginning of each month to cover their expenses for that month. Starting now, how much must they deposit at the beginning of each month for the next 3 years so that the account will provide the money they want while they are traveling (in 3) Assume that such an account pays 7. compounded monthly. (Round your answer to the nearest cent. 1981 x

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