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Your son is getting married and as a gift you give him a country club membership. You pay for 12 months of membership starting 6

Your son is getting married and as a gift you give him a country club membership. You pay for 12 months of membership starting 6 months from today. The membership costs $500 per month. If your investments earn 3.00% APR (compounded monthly), how much do you have to invest today to just cover the cost of the membership?

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