Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. jazelle momba wants to visit her family in zimbabw

Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 6 years...

50.1K

Verified Solution

Question

Basic Math

image

Jazelle Momba wants to visit her family in Zimbabwe in 2025, which is 6 years from now. She knows that it will cost approximately $8,300 including flight costs, on-the-ground costs, and extra spending money to stay for 4 months. If she opens an account that compounds interest at 6% semiannually, how much does she need to deposit today to cover the total cost of her visit? (Use Table 12.3.) (Round your answer to the nearest dollar.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

he following table represents the cost to ship from Distribution Center 1, 2, or 3 to Customer...

Medical Sciences
1.2K views

explain the increase in blood lactate which occurs above 50-60% Vo2max? Blood lactate is the buffered...

Accounting
1.2K views

It has been said that qualitative research uses “emerging research designs” while quantitative research uses “predetermined...

Basic Math
1.2K views

Wages and Salaries Personal Income Taxes Payroll Taxes e g Social Security tax Income Receipts...

Basic Math
1.2K views

Tessa has recently inherited 5600 which she wants to deposit into a CD account She...

Statistics
1.2K views

Find the probability of a freshman being called on in class if there are 8...

Algebra
1.2K views

Question 28 2 points A manager is comparing the cost of buying ball caps with...

Algebra
1.2K views

Write an equation for each circle Each interval represents one unit

Accounting
1.2K views

The break-even in sales dollars for Division North is closest to:...

Accounting
1.2K views

Fico, Inc. earns $172,000 in book income before tax and is subject to a 21%...

Accounting
1.2K views

Exercise 10-4 a-b (Video) Your answer is partially correct. Try again. Myers Company uses a...

Accounting
1.2K views

A B C D E Throughout all years, how many United Airlines, in total,...