You are about to set sail on your long-term goal of sailing the seven seas...
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Accounting
You are about to set sail on your long-term goal of sailing the seven seas over a fiveyear period. You anticipate expenses to run $430,000 per year and that you will be earning 4% interest on your savings. Calculate how much you will need in savings before you set sail to cover the cost of the adventure using the following methods: a. Reference table. Use Table A-4. (Round final answer to 2 decimal places.) Present value b. Financial calculator (Round your answer to 2 decimal places.)
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