A father is trying to save for his daughterrsquos wedding, Ask an Expert

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A father is trying to save for his daughter’s wedding in two years. (Long engagement!). He thinks he can make the following contributions to an account: $10,190.00 today and $16,205.00 in one year. The father thinks he can earn 7.00% in the market each of the next two years. If the wedding is expected to cost $55,290.00 two years from today, how much will he need to contribute at the time of the wedding to cover its cost?

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Financial Management, Finance

Category:- Financial Management
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