Savings to cover the cost of the adventure

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Reference no: EM131054633

You are about to set sail on your long-term goal of sailing the seven seas over a five-year period. You anticipate expenses to run $490,000 per year and that you will be earning 5% interest on your savings. Calculate how much you will need in savings to cover the cost of the adventure using the following methods: a. Refernce Table: b. financial calculator

Reference no: EM131054633

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Savings to cover the cost of the adventure : You are about to set sail on your long-term goal of sailing the seven seas over a five-year period. You anticipate expenses to run $490,000 per year and that you will be earning 5% interest on your savings. Calculate how much you will need in savings..

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