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Luba_88 [7]
2 years ago
14

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 th

e beginning of each year to accumulate sufficient funds?
Business
1 answer:
DENIUS [597]2 years ago
6 0

Answer:

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.

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