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You want to go to Europe 5 years from now, and you can save $782 every year. You will make your first deposit one year
You want to go to Europe 5 years from now, and you can save $782 every year. You will make your first deposit one year from today. You plan to deposit the funds in a mutual fund that you think will achieve a return of 9% per year. Under these conditions, how much will you have in your Europe-trip savings account by the end of the 5 years?
Round answer to the nearest three decimals.
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