In three years, you want to travel to Europe which you expect to cost $10,000 at that time. You have deposited $5,000 in a Certi
ficate of Deposit that pays 6% interest annually and will mature in three years. You also have a rich aunt who will give you an investment which pays 10% annual returns that will make up the balance of the $10,000 not paid for by the CD. How much must you aunt invest today?
If the answer is within three years after your aunt makes an investment as well the math co.e around 3000 to 31000 dollars with it close to 3050. Your Equations: 5000 x 1.06^3 = 5955.08 For finding the other number for the aunt I just guess checked at Y x 1.1^3 and found it to be around 3050
