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Sylvia wants to go on a cruise in 5 years. She could earn 5.3 percent compounded monthly in a bank account if she were to
Sylvia wants to go on a cruise in 5 years. She could earn 5.3 percent compounded monthly in a bank account if she were to deposit the money today. She needs to have 15,000 dollars in 5 years. How much will she have to deposit today? (Round to the nearest dollar)
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