Savings to cover the cost of the adventure

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Reference no: EM131813422

You are about to set sail on your long-term goal of sailing the seven seas over a seven-year period. You anticipate expenses to run $300,000 per year and that you will be earning 3% interest on your savings. Calculate how much you will need in savings to cover the cost of the adventure using the following methods:

a. Reference table

b. Financial calculator

Reference no: EM131813422

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