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You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $30,000. You feel you can earn an
You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $30,000. You feel you can earn an APR of 10.5 percent compounded monthly and plan to save $350 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 5.60 years (0) 5.35 years 7.14 years 4.94 years 6.12 years
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