For the break of Thanksgiving to Christmas On June 1 2023 Cost of trip $5,000 Sweeden On June 1 2025 and June 1 2026 & June 1 2027 and June 1 2032 Cost for each trip is $7,000 June 1 2037 cost of trip $4,500 and $4950. Assume 8% annual interest rate through out What are the investment rents that need to make on 6/1/2021 and 6/1/2022 if they need to have $30,000 saved on 6/1/2023 to fund future trips? Thank you Brenda
For the break of Thanksgiving to Christmas On June 1 2023 Cost of trip $5,000 Sweeden On June 1 2025 and June 1 2026 & June 1 2027 and June 1 2032 Cost for each trip is $7,000 June 1 2037 cost of trip $4,500 and $4950. Assume 8% annual interest rate through out What are the investment rents that need to make on 6/1/2021 and 6/1/2022 if they need to have $30,000 saved on 6/1/2023 to fund future trips? Thank you Brenda
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 16E
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For the break of Thanksgiving to Christmas
On June 1 2023 Cost of trip $5,000 Sweeden
On June 1 2025 and June 1 2026 & June 1 2027 and June 1 2032 Cost for each trip is $7,000
June 1 2037 cost of trip $4,500 and $4950.
Assume 8% annual interest rate through out
What are the investment rents that need to make on 6/1/2021 and 6/1/2022 if they need to have $30,000 saved on 6/1/2023 to fund future trips?
Thank you
Brenda
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