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Lily is planning a large anniversary party 3 years from today for her parents' 50th wedding anniversary. She have estimated that she will need $4,500
Lily is planning a large anniversary party 3 years from today for her parents' 50th wedding anniversary. She have estimated that she will need $4,500 for this party. She can earn 2.5 percent compounded annually on her savings. How much Lily has to deposit today in one lump sum to pay for the entire party?
Group of answer choices
$4,368.81
$4,308.16
$4,076.55
$4,178.70
$4,334.90
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