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Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $20,000 to invest today in

Jane wants to set aside funds to take an around the world cruise in four years. Assuming that Jane has $20,000 to invest today in an account expected to earn 6% per annum, how much will she have to spend on her vacation?

$15,840.

$25,250.

$87,491.

$26,765.

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