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homes Homework: Chapter 3 Homework Save Score: 0 of 1 pt 11 of 17 (8 complete) HW Score: 47.06%, 8 of 17 pts ant Planning

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homes Homework: Chapter 3 Homework Save Score: 0 of 1 pt 11 of 17 (8 complete) HW Score: 47.06%, 8 of 17 pts ant Planning #6 (similar to): Present Value Question Help Present Value Cheryl wants to have $3,500 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 4% per year to have the money she needs in three years? To have $3,500 in three years, Cheryl would need to deposit $. (Round to the nearest cont.) (Use your financial calculator or you may use the Financial Tables in Appendix C in computing your answer.) year Indin ings ths

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