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Jazelle Momba wants to visit $7,600 including flight costs, on-the-grd compounds interest at 6% semiannually, how mu (Round your answer to the nearest dollar.) Deposit

Jazelle Momba wants to visit $7,600 including flight costs, on-the-grd compounds interest at 6% semiannually, how mu (Round your answer to the nearest dollar.) Deposit

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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線 5. %24 O Question 6- Assignment #2 Chp X YouTube + x cation.com/ext/map/index.html?_con3Dcon&external_browser-0&launchUrl-https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fm... E Chp. 12 due Jan. 26 8:00 am Saved Help Save & Exit Sub Check my w Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 8 years from now. She knows that it will cost approximately $7,600 including flight costs, on-the-ground costs, and extra spending money to stay for 4 months. If she opens an account that compounds interest at 6% semiannually, how much does she need to deposit today to cover the total cost of her visit? (Use Table 12.3.) (Round your answer to the nearest dollar.) Deposit eBook Hint Print References 6 of 10 Next > OL 10 9 a. 250 米 %6 4. 03
Transcribed Image Text:線 5. %24 O Question 6- Assignment #2 Chp X YouTube + x cation.com/ext/map/index.html?_con3Dcon&external_browser-0&launchUrl-https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fm... E Chp. 12 due Jan. 26 8:00 am Saved Help Save & Exit Sub Check my w Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 8 years from now. She knows that it will cost approximately $7,600 including flight costs, on-the-ground costs, and extra spending money to stay for 4 months. If she opens an account that compounds interest at 6% semiannually, how much does she need to deposit today to cover the total cost of her visit? (Use Table 12.3.) (Round your answer to the nearest dollar.) Deposit eBook Hint Print References 6 of 10 Next > OL 10 9 a. 250 米 %6 4. 03
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