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Continuing with this example: Monsier Croque plans to save for a Canadian Rockies ski trip in two years. He wants to go to the Lake

Continuing with this example: Monsier Croque plans to save for a Canadian Rockies ski trip in two years. He wants to go to the Lake Louise Ski Areauracao, and anticipates needing $

1000 .

He found a Vacation Club Account at Buffalo Valley Savings & Loan, which offer a

3 %

annual interest rate, compounded monthly. How much money should he deposit monthly via automatic withdrawal from his checking account to reach this objective?

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