Question: In five years your oldest child will be in 8th grade, at which point you and your family plan to vacation in The Bahamas. You

In five years your oldest child will be in 8th grade, at which point you and your family plan to vacation in The Bahamas. 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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