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QUESTION 1 Anthony wants to go on a European holiday in three years time. He estimates he will need $6,000 for the holiday. If Anthony

QUESTION 1

Anthony wants to go on a European holiday in three years time. He estimates he will need $6,000 for the holiday. If Anthony invests $1,800 at the end of each of the next three years, in an investment fund at a return of 11.4 per cent per year, how much will he have for the trip?

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