How much should you deposit in an account today

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Your parents just dropped $15000 in your lap.You want to spend a little on a nice beach vacation, but know you should save some. How much should you deposit in an account today, one that earns 4?% interest per year, if want to have ?$15,000 in the account in 7 years?

Reference no: EM131242567

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How much should you deposit in an account today : Your parents just dropped $15000 in your lap.You want to spend a little on a nice beach vacation, but know you should save some. How much should you deposit in an account today, one that earns 4% interest per year, if want to have $15,000 in the acco..

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