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Managerial Accounting




Question;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?


Paper#40843 | Written in 18-Jul-2015

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