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Jazelle Momba wants to visit her family in Zimbabwe 7 years from now. She knows that it will cost approximately $9,000 including light costs, on-the-ground
Jazelle Momba wants to visit her family in Zimbabwe 7 years from now. She knows that it will cost approximately $9,000 including light costs, on-the-ground costs, and extra spending money to stay for 4 months. If she opens an account that compounds interest at 4% semiannually, how much does she need to deposit today to cover the total cost of her visit? Note: Do not round intermediate calculations. Round your answer to 2 decimal places
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