I am not sure what formula to use for this or how to solve it. thanks

N 0 Your parents have given you $1,000 inte e Landthletiantarthurie neadiated nannt .... haun D G H B 2.29 Interest Rates: Your parents have given you $1,000 a year before your graduation so that you can take a trip when you graduate. You wisely decide to invest the money in a bank CD that pays 6.75 percent interest. You know the trip costs $1,025 right now and that inflation for the year is predicted to be 4 percent Will you have enough money in a year to purchase the trip