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3) Steven wants to save for a family vacation in 3 years. The cost of the vacation will be $16,500. He plans to invest in

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3) Steven wants to save for a family vacation in 3 years. The cost of the vacation will be $16,500. He plans to invest in a mutual fund that will earn 7.2% annually. To reach his goal, how much does Steven need to invest today? N i PV PMI FV

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