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How much do you need to save today

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Question - Instead of setting up a college fund for your future children, you decide you need to setup a Disneyland annual pass fund given the cost. You estimate that you would need to buy your first passes exactly 5 years from today. You estimate that the 4 pass you need will cost $6,000 per year and you'll buy passes for 13 straight years. If your discount rate is 5%, how much do you need to save today for Disneyland passes?

Reference no: EM133166482

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