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Jennifer wants to set aside funds to take an around the world cruise in four years. Jennifer expects that she will need $16000 for her

Jennifer wants to set aside funds to take an around the world cruise in four years. Jennifer expects that she will need $16000 for her dream vacation. If she is able to earn 6% per annum on an investment, how much will she need to set aside at the beginning of each year to accumulate sufficient funds?

$3450.

$12673.

$20200.

$3657.

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