# Mike White is planning to save up for a trip to Europe in three years. He will

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## Question:

**Mike White is planning to save up for a trip to Europe in three years. He will need 7,605 when he is ready to make the trip. He plans to invest the same amount at the end of each of the next three years in an account paying 7 percent. What is the amount he will have to save every year to reach his goal?Please round to two decimal places**