You want to go to Europe 5 years from now, and you can save $3,100 per year,

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You want to go to Europe 5 years from now, and you can save $3,100 per year, beginning one year

from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per

year. Under these conditions, how much would you have just after you make the 5th deposit, 5

years from now?

Posted Date: Jun 09, 2024 07:12 PM

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You want to go to Europe 5 years from now, and you can save $3,100 per year,

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