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You want to travel to Europe to visit relatives when you gradute from college three months from now. the trip is expected to cost a
You want to travel to Europe to visit relatives when you gradute from college three months from now. the trip is expected to cost a total of $10,000 at that time. your parents have deposited $5,000 for you in a CD paying 6% interest annually , maturing three years from now. Aunt hilda has agreed to finance the balance. If you are going to put aunt hilda's gift in an investment earning 10% over the next three years, how much must she deposit now, so you can visit your relatives at the end of the three years
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