<PRE><B>Question 475921</B>
How much principal, to the nearest dollar, should you invest at 4% in order to have $3,000 for a vacation to Europe in 3 years?
------------------

Assuming compound interest:
A(t) = P(1+(r/n))^(nt)
3000 = P(1+(0.04/1))^(1*3)
---
3000 = P(1.04)^3
Principal = $2666.99

--------------
Cheers,
Stan H.
============</PRE>