Imagine you want to travel to US for your "graduation vacation" when you graduate from college in two years. How much money do you need to put aside right now to have $10,000 when you travel to US, assuming your bank's savings account yields a 6 percent interest rate?

1. Imagine you want to travel to US for your "graduation vacation" when you graduate from college in two years. How much money do you need to put aside right now to have $10,000 when you travel to US, assuming your bank's savings account yields a 6 percent interest rate? (Show your calculations) ( 2 Marks)