In five years your oldest child will be in 8th grade,at which point you and your family plan to vacation in Europe.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?
A)$14,961
B)$15,073
C)$16,049
D)$16,058

Question

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The Answer of In five years your oldest child will be in 8th grade,at which point you and your family plan to vacation in Europe.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?
A)$14,961
B)$15,073
C)$16,049
D)$16,058

In Five Years Your Oldest Child Will Be in 8th