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You want to take an island vacation in 7 years and plan to start saving today. The entire trip will cost $7870. You believe that
You want to take an island vacation in 7 years and plan to start saving today. The entire trip will cost $7870. You believe that you can earn an annual rate of 7.8% through your various investments. How much must you set aside today in order to accumulate the $7870? Submit your final answer rounded to two decimal places (Ex. $0.00).
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