Invest today in an account expected


Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $8,000 to invest today in an account expected to earn 6% per annum, how much will she have to spend on her vacation?

A) $6,336.

B) $10,100.

C) $10,706.

D) $34,997.

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Accounting Basics: Invest today in an account expected
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