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Camila plans to go for vacation to Australia in 8 years from now. She estimates that she will need $28,106 for the trip. How much
Camila plans to go for vacation to Australia in 8 years from now. She estimates that she will need $28,106 for the trip. How much does she need to place in a saving account today that earns 9.75 percent per year (compounded quarterly) to accumulate this amount?
Thank you.
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