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Continue with the following example: Monsier Croque plans to save for a Caribbean beach vacation in three years. He wants to go to Curacao, and
Continue with the following example: Monsier Croque plans to save for a Caribbean beach vacation in three years. He wants to go to Curacao, and anticipates needing $ He found a Vacation Club Account at Fourth Falls Credit Union, which offer a annual interest rate, compounded quarterly. How much money should he deposit quarterly via automatic withdrawal from his checking account to reach this objective? In other words, what is the approximate periodic investment rounded to the nearest penny that will allow Monsier Croque to reach his objective of taking that beach vacation to Curacao?
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