You want to buy a new sports car 3 years from now, and you plan to save $2920 per year, beginning one year from today. You will deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now?

By using financial calculator method

PMT= -2920

Annual rate = 5.2

N = 3

Fv= 9,703.03

Does my answer correct and why we don't use beginning mode instead of end ?

**By using the end mode we get Fv= 9,223.42