Asked by Travis

Dr. J. wants to buy a Dell computer which will cost $2,788 four years from today. He would like to set aside an equal amount at the end of each year in order to accumulate the amount needed. He can earn 7% annual return. How much should he set aside?
A. $823.15
B. $531.81
C. $627.93
D. $697.00
Answered by Tim
A. $823.15