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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 $30,800 at the
You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $30,800 at the end of each year for the next 10 years. You expect to earn 7 percent each year. Required: 1. Determine how much you will have saved after 10 years. 2. Determine the amount saved if you were able to deposit $33,300 each year. 3. Determine the amount saved if you deposit $30,800 each year, but with 11 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 10 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 $30,800 at the end of each year for the next 10 years, You expect to earn 7 percent each year; Required: 1. Determine how much you will have saved after 10 years. 2. Determine the amount saved if you were able to deposit $33.300 each year. 3. Determine the amount saved if you deposit $30,800 each yeat, but with 11 percent interest. 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 were able to deposit $33,300 esch year. Notea Round your final answer to the nearest whole dolior. You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $30,800 at the end of each year for the next 10 years. You expect to earn 7 percent each year. Required: 1. Determine how much you will have saved after 10 years. 2. Determine the amount saved if you were able to deposit $33,300 each year: 3. Determine the amount saved if you deposit $30,800 each year, but with 11 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 the amount saved if you deposit $30,800 each year, but with 11 percent interest. Note: Round your final answer to the nearest whole dollar. CABLE 11.1A Future Value of $1 TABLE 11.2A Present Value of $1 TABLE 11.3A Future Value of an Annuity of \$1 CABLE 11.4A Present Value of Annuity of $1
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