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Your child is planning attend summer camp for 2 months, starting 9 months from now. The cost for camp is $2,472 per month, each month,
Your child is planning attend summer camp for 2 months, starting 9 months from now. The cost for camp is $2,472 per month, each month, for the 2 months she will attend.
If your investments earn 1.53% APR (compounded monthly), how much must you invest each month, starting next month, for 3 months such that your investment will grow to just cover the cost of the camp?
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