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Q7: You want to make a vacation in Europe in 5 years. The total expense for...

Q7: You want to make a vacation in Europe in 5 years. The total expense for the trip is about $20,000 today. And the expense may expect to grow at 3% per year. If you decide to save money in the bank account at the end of each year during next 5 years for the vacation . How much you should save every year if the account earns 8% per year?

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