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Cost of the wedding by matching the amount

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You are engaged to be married in exactly one year. Your future in-laws have agreed to help pay for the cost of the wedding by matching the amount you have saved up at the time of the wedding. Currently, you have $5,000 to invest and can earn 8.4% compounded monthly on your invested funds. In total, what can you expect to spend on the wedding? Round your answer to the nearest dollar.

Reference no: EM131238211

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