How much must invest each month starting next month

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Problem 1: Your child is planning attend summer camp for 3 months, starting 12 months from now. The cost for camp is $3,100 per month, each month, for the 3 months she will attend. If your investments earn 2.06% APR (compounded monthly), how much must you invest each month, starting next month, for 4 months such that your investment will grow to just cover the cost of the camp?

Reference no: EM132755076

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