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You are planning a trip around the world that is scheduled to begin 6 years from now. The estimated cost is $45,000. How much do

You are planning a trip around the world that is scheduled to begin 6 years from now. The estimated cost is $45,000. How much do you have to deposit today in one lump sum to fully fund this trip if you can earn 7.5 percent per year on your investment?

A. $33,333.33

B. $29,158.27

C. $32,406.18

D. $27,901.38

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