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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 $15,000 at the
You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $15,000 at the end of each year for the next 10 years. You expect to earn 8 percent each year Required 1. Determine how much you will have saved after 10 years. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided.) alance in the Savings 2. Determine the amount saved if you were able to deposit $17,500 each year. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places.) in the Savings Account 3. Determine the amount saved if you deposit $15,000 each year, but with 10 percent interest. (Euture Value of $1, Present Value of $1 from the tables provided.) ) (Use appropriate factor(s) alance in the Savings Account You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $15,000 at the end of each year for the next 10 years. You expect to earn 8 percent each year Required 1. Determine how much you will have saved after 10 years. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided.) alance in the Savings 2. Determine the amount saved if you were able to deposit $17,500 each year. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round your final answer to 2 decimal places.) in the Savings Account 3. Determine the amount saved if you deposit $15,000 each year, but with 10 percent interest. (Euture Value of $1, Present Value of $1 from the tables provided.) ) (Use appropriate factor(s) alance in the Savings Account
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