Jane Wants to Set Aside Funds to Take an Around

question 37

Multiple Choice

Jane wants to set aside funds to take an around the world cruise in four years. Jane expects that she will need €15,000 for her dream vacation. If she is able to earn 8% per annum on an investment, how much will she have to set aside today so that she will have sufficient funds available?

• A) €3,329
• B) €20,406
• C) €11,025
• D) €10,208

---

Definitions:

Attachment Format

The file format of a document, image, or other types of files that is attached to an email or within applications for transfer.

Placeholder Text

Placeholder text provides a hint or guidance in a form field or text box within a user interface, often seen as light text that disappears when the user starts typing.

Content Controls

Interactive elements in Microsoft Word that provide a way to manage document content dynamically, such as drop-down lists and text fields.

Adobe File

A document or file format created by Adobe systems, commonly used for PDF (Portable Document Format) files.