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Camilla plans to go for vacation to Australia 15 years from now. She estimates she will need $ 16,574 for the trip. How much does she need to put in a savings account today that earns 5.72 percent (compounded quarterly) to accumulate this amount?

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Camilla plans to go for vacation to Australia 15 years from now.

She estimates she will need $ 16,574 for the trip. How much does she need to put in a savings account today that earns 5.72 percent (compounded quarterly) to accumulate this amount?

 
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