Sylvia wants to go on a cruise in 2 years. She could earn 7.5 percent...
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Finance
Sylvia wants to go on a cruise in 2 years. She could earn 7.5 percent compounded monthly in a bank account if she were to deposit the money today. She needs to have 8,000 dollars in 2 years. How much will she have to deposit today? (Round to the nearest dollar)
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