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You wish to go on vacation in 5 years. You think the vacation will cost $15,000 in today's dollars, and inflation will cause it to

You wish to go on vacation in 5 years. You think the vacation will cost $15,000 in today's dollars, and inflation will cause it to increase by 9% per year. How much will you need today to fund this investment if you could earn 7% on the funds?

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