Wednesday, 2 October 2019

Your grandparents have given you an early college gift of $5,000 that you would like to save to fund a post-

Your grandparents have given you an early college gift of $5,000 that you would like to save to fund a post-graduation trip to Europe in 3 years. How much will you have for your trip in 3 years if you can invest this gift at 5% compounded annually? (express your answer as the nearest whole dollar amount?

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