James and Susan wish to have 10 000 available for their

Last updated: 12/8/2023

James and Susan wish to have 10 000 available for their wedding in 2 years How much money should they set aside now at 6 compounded monthly in order to reach their financial goal Use one of the formulas below to solve the problem Future Value A P 1 nxt Present Value P 5000 00 8871 86 9419 05 10 616 78 2 1 1 108