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You want to buy a new sports car 3 years from now, and you plan to save $7,800 per year, beginning one year from today.
You want to buy a new sports car 3 years from now, and you plan to save $7,800 per year, beginning one year from today. You will deposit your savings in an account that pays 5.5% interest. How much will you have just after you make the 3rd deposit, 3 years from now? a. $33,869.68 b. $16,029.00 c. $26,069.68 d. $24,710.59 e. $24,258.00
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