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How much money will be in their travel fund

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Reference no: EM131556426

Question: SAVINGS ACCOUNTS The Pirerras are planning to go to Europe 3 yr from now and have agreed to set aside $150/month for their trip. If they deposit this money at the end of each month into a savings account paying interest at the rate of 8%/year compounded monthly, how much money will be in their travel fund at the end of the third year?

Reference no: EM131556426

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