Question
Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 6 years from now. She knows that it will cost approximately $8,300
Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 6 years from now. She knows that it will cost approximately $8,300 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? (Use Table 12.3) (Round your answer to the nearest dollar.) Deposit TABLE 12.3 Present value of $1 at end of period Period 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 1 9901 9852 9804 9709 9615 9524 9434 9346 9259 9174 9091 2 9803 9707 9612 9426 9246 9070 8900 8734 8573 8417 8264 3 9706 9563 9423 9151 8890 8638 8396 8163 7938 7722 7513 4 9610 9422 9238 8885 8548 8227 7921 7629 7350 7084 6830 5 9515 9283 9057 8626 8219 7835 7473 7130 6806 6499 6209 6 9420 9145 8880 8375 7903 7462 7050 6663 6302 5963 5645 7 9327 9010 8706 8131 7599 7107 6651 6227 5835 5470 5132 B 9235 8877 8535 7894 7307 6768 6274 5820 5403 5019 4665 9 9143 8746 8368 7664 2026 6446 5910 5439 5002 4604 4241 10 9063 8617 8203 7441 6756 6139 5584 5083 4632 4224 3855 1963 8489 8043 7224 6496 5847 5268 4751 4289 3875 3505 12 8874 8364 7885 7014 6246 5568 4970 4440 3971 3555 3186 13 8767 8240 7730 6810 6006 5303 4688 4150 3677 3262 2897 14 8700 8119 7579 6611 5775 5051 4423 3878 3405 2992 2633 15 9613 7999 7430 6419 5563 4810 4173 3624 3152 2745 235 16 11526 7880 7284 6232 5339 4581 3936 3387 2919 2519 2176 17 8444 7764 7142 6050 5134 4363 3714 3166 2703 2311 1978 IN 8360 7649 7002 5874 4936 4155 3503 2909 2502 2120 1790 19 3277 7530 6864 5703 4746 3957 3305 2765 2317 1945 1635 20 38196 7425 6730 5637 4564 3769 3118 2584 2145 1784 1486 21 8114 7315 MOA 5375 4388 3589 2942 2415 1987 1637 1351 22 8034 7207 6468 5219 4220 3418 2775 2257 1829 1502 1228 23 7964 7100 5342 5067 4057 3256 2018 2100 1703 1378 1117 24 776 1996 6317 4919 3901 3101 2470 1971 1577 1264 1015 25 7796 6303 6096 A176 3751 2963 2330 1842 1400 1100 0923 26 7720 1790 5470 AUST 3407 2012 2198 3722 1362 1064 0839 27 3644 6000 5409 4502 3468 2678 2014 1609 1253 0976 0763 28 3548 4001 L144 4371 3335 2551 1956 1604 1150 0806 0693 3403 6454 5631 4343 3307 2429 1046 1406 1073 0822 0630 8 3419 1308 5631 4129 3003 2314 1741 1314 0994 0764 0573 YOUR 5939 5000 3564 2534 1813 1301 0937 0676 0490 0356 6717 5813 4529 3046 3003 1430 10872 DA 0400 0318 0221
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