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You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $36,000 at the
You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $36,000 at the end of each year for the next 8 years. You expect to earn 12 percent each year. Required: 1. Determine how much you will have saved after 8 years. 2. Determine the amount saved if you were able to deposit $38,000 each year. 3. Determine the amount saved if you deposit $36,000 each year, but with 14 percent interest. (Euture Value of \$1. Present Value of \$1. Euture Value Annuity of \$1. Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided Complete this question by entering your answers in the tabs below. Determine how much you will have saved after 8 years. Note: Round your final answer to the nearest whole dollar. You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $36,000 at the end of each year for the next 8 years. You expect to earn 12 percent each year. Required: 1. Determine how much you will have saved after 8 years. 2. Determine the amount saved if you were able to deposit $38,000 each year. 3. Determine the amount saved if you deposit $36,000 each year, but with 14 percent interest. (Future Value of \$1.Present Value of $1. Euture Value Annuify of $1. Present Value. Annuity of $1.) Note: Use appropriate factor(s) from the tables provided Complete this question by entering your answers in the tabs below. Determine the amount saved if y were able to deposit $38,000 each year. Note: Round your final answer to the nearest whole dollar. the end of each year for the next 8 years. You expect to earn 12 percent each year. Required: 1. Determine how much you will have saved after 8 years. 2. Determine the amount saved if you were able to deposit $38,000 each year. 3. Determine the amount saved if you deposit $36,000 each year, but with 14 percent interest. (Future Value of $1.Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1. Note: Use appropriate factor(s) from the tables provided Complete this question by entering your answers in the tabs below. Determine the amount saved if you deposit $36,000 each year, but with 14 percent interest. Note: Round your final answer to the nearest whole dollar
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