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

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

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

Post by answerhappygod »

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 42 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.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”