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The Basu family is setung up a vacation fund. They plan on depositing $1,100 per quarter in an investment that will pay 12% annual Interest.

The Basu family is setung up a vacation fund. They plan on depositing $1,100 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 FVA of $1 (Use appropriate factor(s) from the tables provided.) Multiple Choice $8,800.00 $9.856.00 $9.781.53 59,062.00 59.335.92

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