How much does she need to place in a saving account today, Financial Accounting

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How much does she need to place in a saving account today

Problem

Camila plans to go for vacation to Australia in 8 years from now. She estimates that she will need $22,919 for the trip. How much does she need to place in a saving account today that earns 8.97 percent per year (compounded quarterly) to accumulate this amount?

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Financial Accounting: How much does she need to place in a saving account today

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