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(a) I want to take my family on vacation to Disneyland in three years. I believe I will need $26,000 for the three weeks I
(a) I want to take my family on vacation to Disneyland in three years. I believe I will need $26,000 for the three weeks I plan to spend in Florida. I can earn an 8% APR in my savings account at the bank. How much will I need to deposit each month to reach my goal (PMT)?
(b) If I deposit $900 each month, how much will I have for my vacation (FV)?
(c) If I made the first deposit today, how much will I have for my vacation (FV)?
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