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Time value of money: Lori wants to save money for a $8,000 trip to Italy in 5 years. If she sets aside 5% of her

Time value of money:

Lori wants to save money for a $8,000 trip to Italy in 5 years. If she sets aside 5% of her $47,000 salary for 5 years, will she have enough money to take her trip and are there any savings left over?

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