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You are saving for a fabulous vacation to your favorite tropical destination. You intend to travel in 4 years. You think you can earn 5

You are saving for a fabulous vacation to your favorite tropical destination. You intend to travel in 4 years. You think you can earn 5.3% on your investment. How much do you need to deposit today to have $5,500 to bring you and a guest on vacation in four years?
-$5,050.30
-$6,762.02
-$19,367.58
-$4,473.52

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