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16. Karen is planning a trip to Canada to visit her friend in two years time. She makes an itinerary for her holiday and expects

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16. Karen is planning a trip to Canada to visit her friend in two years time. She makes an itinerary for her holiday and expects that the trip will cost $4000 USD. How much must she save every month if her savings account earns an interest rate of 3% per annum compounded monthly

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