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Category > Business & Finance Posted 31 May 2017 My Price 12.00

Kevin Winthrop is saving

Kevin Winthrop is saving for an Australian vacation in three years. He estimates that he will need $5,000 to cover his airfare and all other expenses for a weeklong holiday in Australia. If he can invest his money in an S&P 500 equity index fund that is expected to earn an average return of 10.3 percent over the next three years, how much will he have to save every year if he starts saving at the end of this year?

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Status NEW Posted 31 May 2017 04:05 AM My Price 12.00

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