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His niece is 4 years old. If at age 15 you want to give her a gift of 80,000 pesos for a trip to Europe.

His niece is 4 years old. If at age 15 you want to give her a gift of 80,000 pesos for a trip to Europe. How much do you have to save if a fund offers you: a) An annual savings plan with an interest rate of 10% and annual capitalization b) A monthly savings plan with an interest rate of 8.5% with continuous compounding

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