An enterprising 5-year old sold lemonade all summer to help, Financial Management

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An enterprising 5-year old sold lemonade all summer to help

An enterprising 5-year old sold lemonade all summer to help pay for a trip to Disney World. The trip will be in one year and she will need $500.00 for her share of the trip at that time. Her dad will invest some of her lemonade money to help her reach the goal. If he can earn 4.80% APR with monthly compounding, how much does he need to put in the account for her today?

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Financial Management: An enterprising 5-year old sold lemonade all summer to help

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Financial Management: An enterprising 5-year old sold lemonade all summer to help

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