Cheryl wants to have $2000 in spending money to take on a trip to Niagara Falls in

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Cheryl wants to have $2000 in spending money to take on a trip to Niagara Falls in three years. How much must she deposit now in a savings account that pays 4 percent interest compounded monthly to have the money she needs in three years? 

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Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

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