6 years

$7400

8% semiannually

Word Problem 12-18 (Algo) [LU 12-1 (2)] Jazelle Momba wants to visit her family in Zimbabwe in 2028 , which is 6 years from now She knows that it will cost approximately $7.400 including flight costs, on-the-ground costs, and extro spending money to stay for 4 months. If she opens an account that compounds interest at 8% semiannually. how much does she need to deposit today to cover the total cost of her visir? (Use fable 123 ) Note: Round your answer to the nearest dollar. Present value of S1 at end of period