Lucy just celebrated her 19th birthday today. She would like to travel different parts of the world for 3 full years, st

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Lucy just celebrated her 19th birthday today. She would like to travel different parts of the world for 3 full years, st

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Lucy Just Celebrated Her 19th Birthday Today She Would Like To Travel Different Parts Of The World For 3 Full Years St 1
Lucy Just Celebrated Her 19th Birthday Today She Would Like To Travel Different Parts Of The World For 3 Full Years St 1 (51.8 KiB) Viewed 57 times
Lucy just celebrated her 19th birthday today. She would like to travel different parts of the world for 3 full years, starting a year from today. She estimates that her annual travel expenses amount to $25,000, assumed to be payable at the end of each year. The rate of interest is 9% per annum compounded annually. Calculate the required current savings in order to fund for her travel.
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