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Darin wants to set aside money to go on a cruise that costs $4,000 in...

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Question

Finance

Darin wants to set aside money to go on a cruise that costs $4,000 in 4 years. He can invest in a bond that matures in 4 years with an interest of 6%. How much should he invest to be ready for the cruise?

Group of answer choices

3,168.37

3,768.74

4,000

3,920.99

Answer & Explanation Solved by verified expert
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