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Andrew is planning a dream vacation to Turkey in 3 years. He wants to pay off the trip before he starts to travel. In order
Andrew is planning a dream vacation to Turkey in 3 years. He wants to pay off the trip before he starts to travel. In order to cover all the costs, a travel agent estimates that the monthly payment is $200 starting today until the month before he travels. How much will the trip cost if the appropriate interest rate is 4% APR with monthly compounding?
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