Question
Olivia Puckett would like to save up to pay for a vacation to Italy with her friends. The trip is expected to cost $6,000.00 and
Olivia Puckett would like to save up to pay for a vacation to Italy with her friends. The trip is expected to cost $6,000.00 and she needs this money in three years. She has found an investment account that would earn 5% on an annual basis. What sum of money must she invest now to get to the $6,000.00 in 3 years?
A) $5,183.03
B) $5,175.65
C) $6,000.00
D) $8,433.21
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Investing All In One
Authors: Eric Tyson
1st Edition
1119376629, 978-1119376620
