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Suppose Abigail wants to buy a Porsche 911 Turbo, which currentl costs $125,000 in 6 years. The price of the Porsche is expected to increase

Suppose Abigail wants to buy a Porsche 911 Turbo, which currentl costs $125,000 in 6 years. The price of the Porsche is expected to increase at 2% per year for the next 6 years.

If she wants to make equal annual deposits at the end of each of the next 6 years, how much must she deposit each year if the interest rate is 6% in order to have the necessary funds to purchase the car?

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