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Dan has $5,000 in his checking account. He would like to take a vacation one year from today. He estimates that the vacation will cost
Dan has $5,000 in his checking account. He would like to take a vacation one year from today. He estimates that the vacation will cost $5,300. He estimates that he can get an 8% return on an investment. How much money does he need to invest in order to have $5,300 for the vacation? You must include the calculation in order to receive credit.
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