How much will she have to invest annually to reach target

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Jane Ogden wants to save for a trip to Australia. She will need $12,000 at the end of four years. She can invest a certain amount at the beginning of each of the next four years in a bank account that will pay her 6.8 percent annually. How much will she have to invest annually to reach her target?

a.$2,538

b.$2,711

c.$3,000

d.$2,980

 

Reference no: EM13267684

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