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Cody invests $2,300 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end
Cody invests $2,300 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the end of 4 years when he graduates from college. How much will he have available to spend on his vacation? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $9,950.72 $9,568.00 $8,832.00 $9,200.00 $9,766.95
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