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Estimating the Annuity Amount.Amy and Vince want to save $8000 so that they can take a trip to Europe in four years. How much must

Estimating the Annuity Amount.Amy and Vince want to save $8000 so that they can take a trip to Europe in four years. How much must they save each month to have the money they need if they can get 4%, compounded monthly, on their savings?

The amount Amy and Vince will need to save each month is _? (Round to nearest cent)

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and round to the nearest cent.)

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