In four years your oldest child will be in 10th grade,at which point you and your family plan to vacation in Europe.You estimate that you will need $25,000 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 4.25% per year?
A)$20,215.55
B)$20,998.34
C)$21,165.85
D)$21,435.77

Question

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The Answer of In four years your oldest child will be in 10th grade,at which point you and your family plan to vacation in Europe.You estimate that you will need $25,000 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 4.25% per year?
A)$20,215.55
B)$20,998.34
C)$21,165.85
D)$21,435.77

In Four Years Your Oldest Child Will Be in 10th