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How much need to save for investment in vehicle earning

In five years your oldest child will be in 8th grade, at which point you and your family plan to vacation in The Bahamas. You estimate that you will need $20,000 for the trip. How much do you need to set aside today if you can place your money in an investment vehicle earning an average of 4.50% per year?

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Solution Preview :

Prepared by a verified Expert

Finance Basics: How much need to save for investment in vehicle earning

Reference No:- TGS0681241

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Test the efficacy of admissions or release

Q : What methods of cost allocation were used

Q : Probability that the patient suffers

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Solution Preview :

Prepared by a verified Expert

Finance Basics: How much need to save for investment in vehicle earning

Reference No:- TGS0681241

Recent Questions Asked Finance Basics

Q : Test the efficacy of admissions or release

Q : What methods of cost allocation were used

Q : Probability that the patient suffers

Q : How much of the prize should hal include in his gross income

Q : How much need to save for investment in vehicle earning

Q : Expected value and standard deviation of propective winnings

Q : What absolute increase in unit sales

Q : Bank statement in the mail for the month ending

Q : Standard deviation of sampling distribution of mean

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