Question: You have an intermediate goal: Save $ 5 , 0 0 0 for a London trip in 3 years. To achieve this goal , how

You have an intermediate goal: Save $5,000 for a London trip in 3 years. To achieve this goal , how much do you need to save each month for next 3 years(36 montns)
on? You expect a 3% annual interest rate (APY) for your savings. Use TVM online caculatorTime Value of Money Calculator - Calculate TVM (
gigacalculator.com E.(Note: first
determine what to know (mode on the calculator), second, determine whether $5,000 is present value or future value; third, determine to use 3 years or 36 months for period
,and fourth, determine whether you can use annual interest rate(3%) or monthly interest rate (3%/12)).
$132.90
$132.91
$132.92
$132.93
 You have an intermediate goal: Save $5,000 for a London trip

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