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In 9 years your brother will be in 12th grade, at which point you and your family plan to vacation in Japan. You estimate that

  1. In 9 years your brother will be in 12th grade, at which point you and your family plan to vacation in Japan. 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?

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