You are about to set sail on your long-term goal of sailing the seven sees over a
Question:
You are about to set sail on your long-term goal of sailing the seven sees over a seven-year period. You anticipate expenses to run $300,000 per year and that you will be earning 3% interest on your savings. Calculate how much you will need in savings to cover the cost of the adventure using the following methods:
a. Reference table (Use Table A-4)
b. Financial calculator
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