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Please describe your dream vacation. How much will it cost? When do you hope to take...

Please describe your dream vacation. How much will it cost? When do you hope to take this trip? How much will need to save at the end of every year in order to have the money to take your vacation. Please state a discount rate. Your example must apply the time value of money concept in order to receive any credit. Please show work (20 points)

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Answer #1

My dream vacation vinati to go for Canberra in Australia and I am an Indian so going West is one of my dream and spending time as my dream vacation.

It will cost me around 5 lacs in Indian rupees.

I am trying to save 10% of my overall salary in order to have enormous Corpus which can fulfill my dream vacation.

I'm trying to save 50000 per year for almost 24 years and I am assigning 10% of interest rate to that which will be compounded to receive required corpus.

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