A Asset Valuation = Price

B Wealth Accumulation

C Funding Lump sum funds lump sum

D Funding Lump sum funds ordinary level annuity

E Funding Lump sum funds delayed level annuity

F Funding Ordinary level annuity funds lump sum

G Funding Ordinary level annuity funds delayed level annuity

H Classify the problem as one of the above types.

Classify the problem as one of the above types.

Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,000 per month, each month, for the three months she will attend.

If your investments earn 5% APR (compounded monthly), how much must you invest today such that your investment will grow to just cover the cost of the camp?