She will need 12000 at the end of four years she can invest, Finance Basics

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She will need 12000 at the end of four years she can invest

Jane Ogden wants to save for a trip to Australia. She will need $12,000 at the end of four years. She can invest a certain amount at the beginning of each of the next four years in a bank account that will pay her 6.8 percent annually. How much will she have to invest annually to reach her target?

a.$2,538

b.$2,711

c.$3,000

d.$2,980

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Finance Basics: She will need 12000 at the end of four years she can invest

Reference No:- TGS0606398

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Recent Questions Asked Finance Basics

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Request for Solution File

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Finance Basics: She will need 12000 at the end of four years she can invest

Reference No:- TGS0606398

Recent Questions Asked Finance Basics

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