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Janice would like to send her parents on a cruise tor their 2 5 th wedding anniversary. She has priced the cruise at S 1

Janice would like to send her parents on a cruise tor their

25

th wedding anniversary. She has priced the cruise at S

15, 000

and.she has

5

years to accumulate

this money. How much must Janice deposit annually in an account paying

10

percent interest in order to have enough money to send her parents to the

cruise?

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