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You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $32,000. You feel you can earn APR
You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $32,000. You feel you can earn APR of 10.7 percent compounded monthly and plan to save $380 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation? Multiple Choice 5.26 years 6.01 years 7.02 years 4.85 years 5.51 years
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