As of this writing, Apple's most expensive iPhone model (iPhone 11 Pro Max) costs $1,099, before sales tax is applied. The company's less expensive model, iPhone 11, costs $699. Consider the scenario of a person who needs a new phone. After carefully considering the two models, the phone buyer in our scenario decides to purchase the less expensive model. She reasons that even the less expensive model contains the latest generation technology, and plus, she could use the difference in price in other areas of her budget. What would happen if the consumer in our scenario took the money she saved by purchasing the less expensive phone and invested it, at a modest rate of return of 5%, over a period of 30 years? How much money will she have saved, in the end?