How much principle, to the nearest dollar, should you invest at 4 percent in order to have $3000 for a vacation to europe in 3 years

Principle should be $2,667

Step-by-step explanation:

We need $3000 for a vacation to Europe in 3 years.

Using amount formula,

Where, P is principle (P=?)

A is amount (A=3000)

r is rate of interest (r=0.04)

t is time (t=3)

Substitute the values into formula and solve for P

Hence, Principle should be $2,667