Ever the hopeful romantic, 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 $12,000 today and
$18,000 one year from today for this purpose. You also plan to pay the final $10,000 of
anticipated costs on your wedding day. At a discount rate of 6.5 percent, what is the current
cost of your upcoming wedding?
$34,910.70
$37,179.90
$36,895.17
$38,411.08
None of the answers provided are correct