Answer:
The question is incomplete, the complete question is:
Jane wants to set aside funds to take an around the world cruise in four years. Jane expects that she will need $22000 for her dream vacation. If she is able to earn 9% per annum on an investment, how much will she need to set aside at the beginning of each year to accumulate sufficient funds?
= $22000 / (4.50611 × 1.09)
= 22000 / 4.911
=$4479
She need to set aside $4479 at the beginning of each year to accumulate sufficient funds for the world tour.
