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Twenty-five years from now, you want to have $250,000 to take a dream vacation around the world. How much money must you set aside today
Twenty-five years from now, you want to have $250,000 to take a dream vacation around the world. How much money must you set aside today in a single amount, if you know that future interest rates will be 6.0% compounded annually for the next 25 years?
A. $28 913
B. $36.500
C.
$40.273
D. $51,418
E. $58.250
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