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Q9 Euphemia wants to take a holiday to the Cook Islands, two years from now, once the coronavirus pandemic is well and truly over. She

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Euphemia wants to take a holiday to the Cook Islands, two years from now, once the coronavirus pandemic is well and truly over. She wants to save up $6,000 for this trip. How much does she need to deposit into her bank today to achieve this goal, if the bank pays an interest rate of 7.2% per annum, compounded monthly? Select one: O a. $5,308.29 O b. $5,197.56 a c. $5,177.01 d. $5,299.90

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