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The Basu family is setting up a vacation fund. They plan on depositing $2,800 per quarter in an investment that will pay 12% annual
The Basu family is setting up a vacation fund. They plan on depositing $2,800 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 EVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $23.76436 $23.072.00 $25,088.00 $24,898.44
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