Business, 12.06.2020 23:57, williamsjako

You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $31,100 at the end of each year for the next 9 years. You expect to earn 13 percent each year. Required: 1. Determine how much you will have saved after 9 years. 2. Determine the amount saved if you were able to deposit $33,600 each year. 3. Determine the amount saved if you deposit $31,100 each year, but with 15 percent interest.

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You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million doll...