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1. You are planning a large wedding 4 years from today when your fianc finishes medical school. You have estimated that you will need $45,000
1. You are planning a large wedding 4 years from today when your fianc finishes medical school. You have estimated that you will need $45,000 for this affair. You can earn 3.5 percent compounded annually on your savings. How much would you have to deposit today in one lump sum to pay for the entire wedding?
$36,666.67
$39,214.90
$38,909.09
$37,207.13
$37,415.68
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