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Even though you have no idea who you will marry, you are planning to have an elaborate wedding 4 years from now. The estimated cost

Even though you have no idea who you will marry, you are planning to have an elaborate wedding

4

years from now. The estimated cost of the wedding is $

52, 000

and you expect to earn

3.5

percent on your savings.

How much do you need to save each month for this purpose assuming that you have no money saved as of today?

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