A Freshman is planning for a trip to Europe when she graduates in 4 years. She estimates she will need $2000 to pay for the

Question

A Freshman is planning for a trip to Europe when she graduates in 4 years. She estimates she will need $2000 to pay for the trip. If she has a savings account that earns 7.5% interest compounded monthly, how much does she need to deposit now to pay for her trip? Label your answer and round it to the nearest cent.

Kunduz · Accepted Answer

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