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Wedding Savings Scenario Two SJSU grads are planning to marry in September 2021. They estimate that they will need$15,000for the wedding and reception, and they

Wedding Savings Scenario

Two SJSU grads are planning to marry in September 2021. They estimate that they will need$15,000for the wedding and reception, and they have saved$8,000so far. Their savings are in an account that pays annual percentage rate of1.0%, compounded monthly.

Refer to the Wedding Savings Scenario above.

If they save$550 monthlyfor 17 monthsstarting today, and they spend $15,000 on the wedding, how much will they have left over for their honeymoon?

Refer to the Wedding Savings Scenario above.

If they save$550 monthlyfor 17 monthsstarting a month from now, and they spend $15,000 on the wedding, how much will they have left over for their honeymoon?

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