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In: Finance

You are a freshman in college and are planning a trip to Europe when you graduate...

You are a freshman in college and are planning a trip to Europe when you graduate from college at the end of four years. You plan to save the following amounts annually, starting today: $550, $720, $720, and $800. If you can earn 7.15 percent annually, how much will you have at the end of four years? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.)

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