(Answered) Total package cost for the trip

Management Studies

Problem: Donna plans to save for a vacation to Costa Rica in 18 months. She will be putting the moneyinto a short-term investment account earning 4% annually.

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Question: How much will Donna have to putaway at the beginning of each month if the total package cost for the trip is $3,500? Please show steps how you get an answer and please be clear in your explanation.

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Operation Management, Management Studies

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