You are planning to spend a summer in Europe a year from now. You already expect that the trip will cost you $15,000. Two years from now, you want to spend the summer in Asia and you wish to have enough money to fund it so you deposit $30,178.33 in your account today. How much have you budgeted to spend on your trip to Asia? Your bank pays you interest at 8% per year. [Hint: Draw a timeline to track the cashflow sequence]