Question
Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $20,000 to invest today in
Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $20,000 to invest today in an account expected to earn 6% per annum, how much will she have to spend on her vacation?
| $15,840.
| ||
| $25,250.
| ||
| $87,491. | ||
| $26,765.
|
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
