How much money will karen need to set aside today to finance

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Reference no: EM133496259

Question: Keith will be starting a 6-month live in training course in 4 months time. His mother, Karen, has promised him a living allowance of $300 per month to help support him during this time. If the interest rate is 8 percent per annum, compounding monthly how much money will Karen need to set aside today to finance Keith's allowance?

Reference no: EM133496259

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