What is the cost of this vacation in today dollars

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Reference no: EM132061193

Norwegian Cruise Lines is advertising an upscale winter vacation package for travel two years from now, to Antarctica. The package requires that you pay $15,000 today, $25,000 one year from today, and a final payment of $65,000 on the day you depart, two years from today. What is the cost of this vacation in today's dollars, if the discount rate is 9 percent? $92,644.98 $94,607.78 $95,250.00 $110,071.50 none of the above.

Reference no: EM132061193

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