Your anticipated wedding is three years from today. You don't know who your spouse will...
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Finance
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 $7,000 today and $12,000 one year from today for this purpose. You also plan to pay the final $11,000 of anticipated costs on your wedding day. At a discount rate of 7.7 percent, what is the current cost of your upcoming wedding?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Note: It is highly recommended to use Excel (or Google Sheets) or a financial calculator to solve this problem.
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