Your child is planning attend summer camp for three months, starting 7 months from now. The cost for camp is $1,196 per month, each month, for the three months she will attend. If your investments earn 4% APR (compounded monthly), how much must you invest today such that your investment will grow to just cover the cost of the camp?

Enter your answer in dollars, rounded to the nearest cent (2 decimals).

Answer rating: 100% (QA)

To determine how much you must invest today to cover the cost of the summer camp we need to calculat... View the full answer