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Tom and Suri decide to take a worldwide cruise. To do so , they need to save $ 3 0 , 0 0 0 .
Tom and Suri decide to take a worldwide cruise. To do so they need to save $ They plan to invest $ at the end of each year for the next seven years to earn compounded annually.
Required:
a Calculate the future value of the investment. FV of $ PV of $ FVA of $ and PVA of $
b Will Tom and Suri reach their goal of $ in seven years?
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