Different Types of TVOM

Introduction

Young couple playing with camera.

Can you identify the type of TVOM for each scenario?

Josh and Sarah, both sophomores, want to travel abroad during their senior year of college. They have combined the money they saved from their summer jobs, and will let it collect interest for the next two years. How much money will Josh and Sarah have for their trip?

Smiling young couple hugging.

Taisha and Darrell are planning to get married following graduation this semester. They deposited the extra money that they earned from their part times jobs into a savings account over the past three years. The first year they deposited $900, the second, $1300 and the third, $1,200. How much money do they have for their wedding?