Multiple Choice
Jane wants to set aside funds to take an around the world cruise in four years. Jane expects that she will need €15,000 for her dream vacation. If she is able to earn 8% per annum on an investment, how much will she have to set aside today so that she will have sufficient funds available?
A) €3,329
B) €20,406
C) €11,025
D) €10,208
Correct Answer:
Verified
Correct Answer:
Verified
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