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Over the next three years, Marti plans to save $2,000, $2,500, and $3,000, respectively, starting one year from today. You want to have as much money as Marti does three years from now but you plan to make one lump sum investment today. What amount must you save today if you both earn 4.65 annually

Respuesta :

The amount you must save today is $6811.50.

How much must you save today?

The amount you must save today can be determined by calculating the present value of the annuity. Present value is the sum of discounted cash flows.

Present value = 2000 / (1.0465) + 2500 / (1.0465²) + 3000 / (1.0465³) = $6811.50

To learn more about present value, please check: https://brainly.com/question/26537392

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