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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?
a. $15,840.

b. $25,250.

c. $87,491

d. $26,765.

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