How much will she need to set aside at the beginning

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Question - Jennifer wants to set aside funds to take an around the world cruise in four years. Jennifer expects that she will need $16000 for her dream vacation. If she is able to earn 6% per annum on an investment, how much will she need to set aside at the beginning of each year to accumulate sufficient funds?

a. $3450.

b. $12673.

c. $20200.

d. $3657.

Reference no: EM132614902

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