You are saving for a Porsche Carrero Cabriolet, which currently sels for nearly half a...
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You are saving for a Porsche Carrero Cabriolet, which currently sels for nearly half a million dollars. Your plan is to deposit $36,000 at the end of each year for the next 8 years. You expect to earn 12 percent each yeac Required: 1. Determine how much you wil have saved after 8 years. 2. Determine the amount saved if you were able to deposit $38,000 ench year, 3. Determine the amount saved if you deposit $36,000 each yeat, but with 14 percent interest. (Future Value of S1, Present Volue of 5 s. Euture Value Annuity of \$1. Present Value Aanulty of si) Note: Use appropriate factor(a) from the tables provided Complete this question by entering your anewers in the tabs below. Determine how much you will have saved after a years. Note: Found your finat enswer to the heorest whole doliar
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