Question: (Compounding using a calculator) Bart Simpson, age 9, wants to be able to buy a really cool new car when he turns 18. His really

(Compounding using a calculator) Bart Simpson, age 9, wants to be able to buy a really cool new car when he turns 18. His really cool car costs $15 comma 000 today, and its cost is expected to increase 2 percent annually. Bart wants to make one deposit today (he can sell his mint-condition original Nuclear Boy comic book) into an account paying 7.2 percent annually in order to buy his car in 9 years. How much will Bart's car cost, and how much does Bart have to save today in order to buy this car at age 18?

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