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5. Cheryl wants to have $2000 in spending money to take on a trip to Niagara Falls in three years. How much must she
5. Cheryl wants to have $2000 in spending money to take on a trip to Niagara Falls in three years. How much must she deposit now in a savings account that pays 4 percent interest compounded monthly to have the money she needs in three years? (PV)
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