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Arnold and Helene would like to visit Austria in two years to celebrate their 25...

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Accounting

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Arnold and Helene would like to visit Austria in two years to celebrate their 25 th wedding anniversary. Currently, the couple has saved $27,000, but they expect the trip to cost $31,000. Required: 1-a. If they put $27,000 in an account that earns 7% interest, compounded annually, how much will they have in two years? (FV of $1. PV of \$1, FVA of \$1, and PVA of \$1) 1-b. Will they be able to pay for the trip in two years? Complete this question by entering your answers in the tabs below. If they put $27,000 in an account that earns 7% interest, compounded annually, how much will they have in two years? (Use tables, Excel, or a finaricial calculator. Round your answer to 2 decimal places.)

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