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James and Susan wish to have $10,000 available for their wedding in 2 years. How much money should they set aside now at 6%

James and Susan wish to have $10,000 available for their wedding in 2 years. How much money should they set aside now at 6% compounded monthly in order to reach their financial goal? Use one of the formulas below to solve the problem. (nxt) Future Value: A = P(1+) (***) Present Value: P = (nxt) $5000.00 $8871.86 $9419.05 $10,616.78

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