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82 Cassandra Dawson wants to save for a trip to Australia. She will need $12,000 at the end of four years. She can invest a
82
Cassandra Dawson wants to save for a trip to Australia. She will need $12,000 at the end of four years. She can invest a certain amount at the beginning of each of the next four years in a bank account that will pay her 6.8 percent annually. How much will she have to invest annually to reach her target? (Round to the nearest dollar.) $3,000 $2,538 $2,711 $2,980Step by Step Solution
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