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Arnold and Helene would like to visit Austria in two years to celebrate their 2 5 th wedding anniversary. Currently, the couple has saved $
Arnold and Helene would like to visit Austria in two years to celebrate their th wedding anniversary. Currently, the couple has saved $ but they expect the trip to cost $
Required:
a If they put $ in an account that earns interest, compounded annually, how much will they have in two years? FV of $ PV of $ FVA of $ and PVA of $
b Will they be able to pay for the trip in two years?
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