Question: You have identified a future vacation package that will cost $26,000 six years from today. You need to lock this in if you wish to

You have identified a future vacation package that will cost

$26,000

six years from today. You need to lock this in if you wish to take advantage of the deal. You have found an investment account that pays interest of 10 percent per year. How much should you invest in this account today to enable you pay for this vacation six years from today?\

$17,815.50

$16,228.44

$14,676.32

$19,391.07

You have identified a future vacation package that will cost $26,000 six years from today. You need to lock this in if you wish to take advantage of the deal. You have found an investment account that pays interest of 10 percent per year. How much should you invest in this account today to enable you pay for this vacation six years from today? $17,815.50 $16,228.44 $14,676.32 $19,391.07

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