Peter has a plan to take his family on a vacation to Germany. He needs $5,000 to cover all the spending for the travel, and he has $2,900 in savings right now. If he can save up $700 each month, how many months does he need to wait to reach his goal?
Peter needs $5,000 – $2,900 = $<<5000-2900=2100>>2,100 in total.
He will have to wait for $2100 ÷ $700/month = <<2100/700=3>>3 months to reach his goal.
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