You want to go to europe 5 years from now and you can save, Financial Management

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You want to go to europe 5 years from now and you can save

You want to go to Europe 5 years from now, and you can save $3, 100 per year, beginning from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year.

Under these conditions, how much would you have after 5 years from now?

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Financial Management: You want to go to europe 5 years from now and you can save

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Financial Management: You want to go to europe 5 years from now and you can save

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