Question Description
I’m working on a other practice test / quiz and need an explanation to help me understand better.
Camila plans to go for vacation to Australia in 7 years from now. She estimates that she will need $20,004 for the trip. How much does she need to place in a saving account today that earns 5.83 percent per year (compounded quarterly) to accumulate this amount?
Round the answer to two decimal places
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