How much do you need to deposit today

Reference no: EM131965584

Question: You have decided to spend You have decided to spend $6,300 on a vacation 3 years from now, $15,500 on a vacation 5 years from now, and $12,500 on a vacation 7 years from now. You want to deposit sufficient funds today to cover these future expenditures. How much do you need to deposit today if you can earn 8.8 percent on your savings?

Reference no: EM131965584

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