Your anticipated wedding is three years from today. You don't know who your spouse will be but
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Question:
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 $11,000 today and $14,000 one year from today for this purpose. You also plan to pay the final $7,000 of anticipated costs on your wedding day. At a discount rate of 4.3 percent, what is the current cost of your upcoming wedding?
Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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