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Jazelle Momba wants to visit her family in Zimbabwe in 2022, which is 8 years from now. She knows it will cost approximately $7,000 including
Jazelle Momba wants to visit her family in Zimbabwe in 2022, which is 8 years from now. She knows it will cost approximately $7,000 including flight costs, on-the-ground costs, and extra spending money to stay for 4 months. If she opens an account that compounds interest at 6% semiannually, how much does she need to deposit today to cover the total cost of her visit ?
Deposit $_________
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