Multiple Choice
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 $10,000 today and $17,000 one year from today for this purpose. You also plan to pay the final $12,000 of anticipated costs on your wedding day. At a discount rate of 5.5 percent, what is the current cost of your upcoming wedding?
A) $36,333.11
B) $41,065.25
C) $36,895.17
D) $38,411.08
E) $35,248.16
Correct Answer:
Verified
Correct Answer:
Verified
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