Question
Jane wants to set aside funds to take an around the world cruise in 4 years. Jane expects that she will need $12,000 for her
Jane wants to set aside funds to take an around the world cruise in 4 years. Jane expects that she will need $12,000 for her dream vacation. If she is able to earn 8% per annum on an investment, how much will she need to set aside at the beginning of each year to accumulate sufficient funds?
| $2,466. |
| $2,663. |
| $8,820. |
| $16,325. |
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Frank Woods Business Accounting Volume 1
Authors: Alan Sangster, Frank Wood
13th Edition
1292084669, 9781292084664
