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How much will he need to contribute at the time

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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: $12,115.00 today and $14,840.00 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 $52,990.00 two years from today, how much will he need to contribute at the time of the wedding to cover its cost?

Reference no: EM133121285

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