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Your anticipated wedding is three years from today. You don't know who your spouse will be but you do know that you are saving $
Your anticipated wedding is three years from today. You don't know who your spouse will be but you do know that you are saving $ today and $ one year from today for this purpose. You also plan to pay the final $ of anticipated costs on your wedding day. At a discount rate of percent, what is the current cost of your upcoming wedding?
Do not round intermediate calculations and round your answer to decimal places, eg
Note: It is highly recommended to use Excel or Google Sheets or a financial calculator to solve this problem.
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