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The Basu family is setting up a vacation fund. They plan on depositing $2,600 per quarter in an investment that will pay 12% annual interest.
The Basu family is setting up a vacation fund. They plan on depositing $2,600 per quarter in an investment that will pay 12% annual interest. What amount will they have avallable 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.)
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