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Business, 28.06.2021 20:50 loganharper992

Kenneth Clark is saving for an Australian vacation in three years. He estimates that he will need $4,970 to cover his airfare and all other expenses for a week-long holiday in Australia. If he can invest his money in an S&P 500 equity index fund that is expected to earn an average annual return of 11.4 percent over the next three years. Required:
How much will he have to save every year if he starts saving at the end of this year?

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Kenneth Clark is saving for an Australian vacation in three years. He estimates that he will need $4...
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