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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

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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? $15,073 $16,049 $16,058 $14,961

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