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Expedition to patagonia during spring break

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You plan to do a expedition to Patagonia during Spring Break in 3 years. The trip will cost $9,000. You already have $3,000 in the bank and you plan to make a deposit every year beginning one year from today for the next 3 years. If your bank pays 6% EAR, how much does the yearly deposit need to be if you are to have $9,000 3 years from today?

Reference no: EM132481610

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