Margarite wants to take a trip to Japan in 8 years. She knows she will – InterviewSolution

1.	Margarite wants to take a trip to Japan in 8 years. She knows she will need about $4,000. How much should she deposit into an account now that pays 3.5% interest, compounded daily, to meet her goal? Round to the nearest dollar.
Answer» x/4200=3.5/84200*3.5=1470014700/8=1837.5x=1837.5she started out with $1837.50

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