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Cody invests $3,400 per year from his summer wages at a 4% annual interest rate. He plans to take a European vacation at the
Cody invests $3,400 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 $14,709,76 $14,144.00 $13,056.00 $13,600.00 $14,438.10
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