Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 7 years from now. She knows that it will cost approximately $8,700 including flight costs, on-the-ground costs, and extra spending g money to stay for 4 months. If she opens an account that compounds interest at 6% semiannually,  how much does she need to deposit today to cover the total cost of her visit? Round your answer to the nearest dollar.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 57SE: Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what...
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Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 7 years from now. She knows that it will cost approximately $8,700 including flight costs, on-the-ground costs, and extra spending g money to stay for 4 months. If she opens an account that compounds interest at 6% semiannually,  how much does she need to deposit today to cover the total cost of her visit? Round your answer to the nearest dollar.

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