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You want to go to Europe 5 years from now, and you can save $8,300 per year, beginning one year from today. You plan to

You want to go to Europe 5 years from now, and you can save $8,300 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.0% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? a. $44,820.00 b. $48,692.79 c. $52,588.21 d. $37,400.73 e. $60,888.21

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