"Cheryl wants to have $2, 800 in spending money to take on a trip to Disney World in three years. How much much she deposit now in the savings account that pays 6% per year to have the money she needs in three years?"

"to have $2, 800 in three years, Cheryl would have to deposit $---?"

Present Value. Cheryl wants to have $2,800 in spending money to take on a trip to Disney World in three years. How much must she deposit now in a savings account that pays 6% per year to have the money she needs in three years? To have $2,800 in three years, Cheryl would need to deposit $(Round to the nearest cent) (Use your financial calculator or you may use the Financial Tables incendin computing your answer.)