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Cassandra Dawson wants to save for a trip to Australia. She will need $12,000 four years from now. She will invest a certain amount
Cassandra Dawson wants to save for a trip to Australia. She will need $12,000 four years from now. She will invest a certain amount each year (total of 4 payments) in a bank account, starting from today. If the bank pays her 6% interest annually, how much will she have to invest each year to reach her target? (Round to the nearest dollar) O $2,538 $2,568 $2,611 $2,686
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