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You have decided to take a vacation to New Zealand in 8 years. You estimate the trip will cost $12,500. You currently have
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Under the function key of excel - the PMT key =PMT(0.2%/12,96,-1800,-12500) PMT = ? PV = $1,800 FV = $12,500 Rate = 0.2%/12 NPER = 96 $148.08 This what I got.
