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You saving up to buy a car. You plan on making your first savings deposit one year from today, and then making deposits for the

You saving up to buy a car. You plan on making your first savings deposit one year from today, and then making deposits for the following 3 years. These are the amounts you plan to save at the end of each year:

Year Projected Savings Amount
1 $1,500
2 $3,000
3 $2,200
4 $3,000

You expect to earn an annual rate of 9% per year throughout. What amount will you have available at the end of year 4?

$________.

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