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MC Qu. 50 The Masterson family is... The Masterson family is setting up a vacation fund, and they plan on depositing $1,000 per quarter in
MC Qu. 50 The Masterson family is... The Masterson family is setting up a vacation fund, and they plan on depositing $1,000 per quarter in an investment that will pay 12% annual interest. What amount will they have available for their vacation at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice o $8,000.00 o $8,960.00 o $8,892.30 o $8,240.00 o $8,48720
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