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In order to have money available for replacing their family vehicle, a couple planned to have $38,000 available in 5 years by investing in a
In order to have money available for replacing their family vehicle, a couple planned to have $38,000 available in 5 years by investing in a global mutual fund. If they plan to increase their savings by 5% each year, how much must they expect to earn 12% per year on their in investment
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