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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
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 11 years. You expect to earn 7 percent each year. Determine how much you will have saved after 11 years. Determine the amount saved if you were able to deposit $33, 300 each year. Determine the amount saved if you deposit $30, 800 each year, but with 11 percent interest
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