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Sarah decides she wants to pursue her lifelong dream to open a bed and breakfast by the beach in ten years. She wants to build
Sarah decides she wants to pursue her lifelong dream to open a bed and breakfast by the beach in ten years. She wants to build the bed & breakfast, so after analyzing costs for land, the construction, and all necessary licenses and operating costs for the first year, she estimates she will need to have saved $1,000,000 in that time. She decides she wants to make quarterly deposits into her savings account for the next 10 years. Assuming a 12% return, what amount will she need to deposit each month in order to reach her goal? Please set up the problem (show your work here), look up the factor and then solve, showing your final answer below. HTML Editor -IE1 x BIVA
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