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Mathematics, 02.12.2020 01:40 anannanekejdjd

You want to take a trip to Europe when you graduate from high school in 2 years. You estimate that the trip will cost approximately $5200 for your plane ticket, accommodations,
food and shopping. To save up you put your money into a 2-year GIC investment that pays
3% per year compounded weekly.
a) How much would you need to invest today to reach your goal?

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Answers: 2

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