At some point in life, many of us will want to (or need to) make a large purchase. Thinking about these purchases in advance can help us to begin investing and saving so that we can minimize the amount of the purchase that will need to be financed. 1. dentify a large purchase that you'd like to make (or will have to make) at some point in your future. What is the item? - How much will it cost? - How many years will it be from now when you need to make this purchase? - Will you need the full price of the item or just a down payment? If only a down. nmmant how much will vouneed? 2. Identify an investment plan that you could use to begin saving for this item. You will need to idertify. - A monthly contribution amount that you could reasonably make - The annual interest rate of the investment (compounded monthly). - The number of monthly contributions you will make 3. Find the future value of your investment from Question 2 using Sigma Notation AND the Sum of Series formula. Be sure to show how you came up with your answer. What does your answer mean about your potential to make the purchase you identified in Question 1 ? *. One suggestion for organizing your information is to create a spreadsheet and table specific to your situation. You can then make a calculator using the sum of series formula. If you do this, link the spreadsheet with shared editing access to your teacher. Make sure you type all your answers and work below. You can use "insert" "equation" to help. For the Sigma Notation calculations, you can take a screenshot of the calculator you use wn