How much does she need to place in a saving account today

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Camila plans to go for vacation to Australia in 11 years from now. She estimates that she will need $26,222 for the trip. How much does she need to place in a saving account today that earns 5.12 percent per year (compounded quarterly) to accumulate this amount?

Round the answer to two decimal places

Reference no: EM13885067

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