Ask Question
12 May, 20:26

d $22000 for her dream vacation. If she is able to earn 9% per annum on an investment, how much will she need to set aside at the beginning of each year to accumulate sufficient funds?

+3
Answers (1)
  1. 12 May, 20:45
    0
    The question is incomplete, the complete question is:

    Jane wants to set aside funds to take an around the world cruise in four years. Jane expects that she will need $22000 for her dream vacation. If she is able to earn 9% per annum on an investment, how much will she need to set aside at the beginning of each year to accumulate sufficient funds?

    = $22000 / (4.50611 * 1.09)

    = 22000 / 4.911

    =$4479

    She need to set aside $4479 at the beginning of each year to accumulate sufficient funds for the world tour.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “d $22000 for her dream vacation. If she is able to earn 9% per annum on an investment, how much will she need to set aside at the beginning ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers