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You have decided to spend $5,900 on a vacation 3 years from now, $13,500 on a vacation 5 years from now, and $10,500 on a

You have decided to spend $5,900 on a vacation 3 years from now, $13,500 on a vacation 5 years from now, and $10,500 on a vacation 7 years from now. You want to deposit sufficient funds today to cover these future expenditures. How much do you need to deposit today if you can earn 8.4 percent on your savings? Multiple Choice $19,621.69 $20,522.35 $18,721.03 $18.478.00

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