Managerial Accounting
Question # 00023332
Posted By:
Updated on: 08/17/2014 11:18 PM Due on: 08/17/2014
Janice wants to take the next 5 years off to travel the world. She estimates her annual cash needs 28,000 more, (she will work odd jobs). Janice believes she can invest her savings at 8% until she depletes her funds.
How much money does Janice need now to fund her travel.
After speaking to a number of banks Janice learns she will only be able to invest her funds at 4%. How much does she needs now to travel?
-
Rating:
/5
Solution: Janice solution