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Other Fields Homework Help Business Topic started by: tetleyelmo on Jan 13, 2017



Title: Janice would like to send her parents on a cruise for their 25th wedding anniversary. She has priced ...
Post by: tetleyelmo on Jan 13, 2017
Janice would like to send her parents on a cruise for their 25th wedding anniversary. She has priced the cruise at $15,000 and she has 5 years to accumulate this money. How much must Janice deposit annually in an account paying 10 percent interest in order to have enough money to send her parents to cruise? (Round to the nearest whole dollar)
A) $1,862   
B) $2,457   
C) $3,000   
D) $2,234
E) $2,135


Title: Re: Janice would like to send her parents on a cruise for their 25th wedding anniversary. She has ...
Post by: Blimp on Jan 17, 2017
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