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Betty plans to send her parents on a $15 000 vacation for their 30th wedding anniversary 10 years from now. She would like to invest
Betty plans to send her parents on a $15 000 vacation for their 30th wedding anniversary 10 years from now. She would like to invest the money today in a GIC term deposit earning 6%/a compounded semi-annually and split the costs of its purchase with her sister and brother. How much will each person contribute toward the purchase of the GIC?
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