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Cheryl wants to have $4,500 in spending money to take on a trip to Niagara Falls in three years. How much must she deposit now

Cheryl wants to have $4,500 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 2 percent compounded monthly to have the money she needs in threeyears?

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