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How much does she need to place in a savings account

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Question - Rose plans to go for vacation to Europe in 6 years from now. She estimates that she will need $24,388 for the trip. How much does she need to place in a savings account today that earns 5.13% per year (compounded annually) to accumulate this amount? All the work has to be shown. Round the answer to two decimal places.

Reference no: EM132926277

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