Your wealthy aunt wishes to give you a trip to Paris when you graduate from college in three years.She estimates the trip will cost $4,000.How much must she invest now at 5% to accumulate enough for you to take this trip? Use Table PV-1.
A)$3,287.72
B)$3,456.00
C)$4,499.44
D)$3,161.24

Question

Your wealthy aunt wishes to give you a trip to Paris when you graduate from college in three years.She estimates the trip will cost $4,000.How much must she invest now at 5% to accumulate enough for you to take this trip? Use Table PV-1. 
A)$3,287.72 
B)$3,456.00 
C)$4,499.44 
D)$3,161.24

Quizplus · Accepted Answer

The Answer of Your wealthy aunt wishes to give you a trip to Paris when you graduate from college in three years.She estimates the trip will cost $4,000.How much must she invest now at 5% to accumulate enough for you to take this trip? Use Table PV-1. 
A)$3,287.72 
B)$3,456.00 
C)$4,499.44 
D)$3,161.24

Your Wealthy Aunt Wishes to Give You a Trip to Paris