Solve the following word problems with NEAT and COMPLETE SOLUTIONS. Answers should be rounded off to two decimal places. Express your FINAL ANSWER in a COMPLETE SENTENCE.

Answer ASAP and please follow the instuctions

Extracted text: Solve the following word problems with NEAT and COMPLETE SOLUTIONS. Answers should be rounded off to two decimal places. Express your FINAL ANSWER in a COMPLETE SENTENCE.


Extracted text: 2. The Nedtran family decides to save money for a vacation in 3 years. They purchase an annuity with semiannual payments of P10,000 at 9% interest compounded quarterly. Find the amount of money they can spend for the vacation.