$7,350.30 is the needed amount for Jane. The current value of any sum of money, which is certain to be gained in the future over compounded interest on such investment, is known as present value.
It is critical to investors who are continually looking for improved investment options in the financial planning concept. Higher future values may result from a higher rate of return (HROR) and longer terms.
Using given information, it can be calculated as,
Hence, $7,350.30 is the needed amount for Jane.
Know more on how to calculate Present Value - https://brainly.com/question/27806712
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