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 need to set aside at the beginning of each year to accumulate sufficient funds?
A) £3,329
B) £20,406
C) £11,025
D) £3,082
Correct Answer:
Verified
Correct Answer:
Verified
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