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You plan to adopt a child 24 months from now. The cost for the legal and other services associated with the adoption will be $25,000

You plan to adopt a child 24 months from now. The cost for the legal and other services associated with the adoption will be $25,000 in 24 months. How much would you have to invest each month, starting next month, for 18 months, to have enough money for the adoption charges if your investments earn 3% APR compounded monthly?

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