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George Robinson is saving for an Australian vacation in three wears. He estimates that he will need 55,120 to cover his airface and all other
George Robinson is saving for an Australian vacation in three wears. He estimates that he will need 55,120 to cover his airface and all other expenses for a week-long holiday in Australla. If he can imvest his money in an 5&P SoO equity index futid that h Fixpected to earen. an average annual return of 9.5 percent over the fext three yeurs, how much will he have to saye tivery year if he starts havive at the End of this year? (Round factor values to 4 decimol places, e.2. 1.5212 and final answer to 2 decimal places, es 15.25 ) Savings $
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