Multiple Choice
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
Correct Answer:
Verified
Correct Answer:
Verified
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