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Developing Financial Insight Solution: 1. Savings = $15,000 Cost of the trip = $25,000 Rate of return = 0.08 a) Future Values: FV = PV(1 + r)t Future Value of $15,000 = $15,000 * ( 1 + 0.8)5 $15,000 * 1.469 = $22,035 Difference = -$2965 The money in my account will not be sufficient.