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My sister recently decided to have a quinceanera, which is like a sweet sixteen birthday party, for her daughter and she needs to know if
My sister recently decided to have a quinceanera, which is like a sweet sixteen birthday party, for her daughter and she needs to know if she will be able to save enough in only 4 years to afford to throw her a party budgeted at $10,000. She has not yet saved any funds and can only deposit $150 a month in her bank's high yield savings account which has an annual percentage rate of 3%, please see if she will have enough in her savings to afford the party. (Excel calculation)
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