1. Business
  2. Finance
  3. you plan to go on vacation in 4 year the...

Question: you plan to go on vacation in 4 year the...

Question details

You plan to go on vacation in 4 year. The vacation will cost you $10,000 at that time. How much do you have to save today in order to exactly pay for your vacation, if your investment account earns 5.00% APR (compounded annually)?

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution