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Question 6: You have priced a Mediterranean cruise at $5,000 today, but expect its price to rise at the rate of inflation of 2% per
Question 6: You have priced a Mediterranean cruise at $5,000 today, but expect its price to rise at the rate of inflation of 2% per annum. You expect to take the cruise 5 years from today and wonder how much to set aside now, earning 6%, compounded monthly, to achieve your goal. (1 Point) $3,708 $4,093 $5,520 O $5,629
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