Question: please answer and explain this question 2 You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your

 please answer and explain this question 2 You are saving fora Porsche Carrera Cabriolet, which currently sells for nearly half a milliondollars. Your plan is to deposit $33,000 at the end of each

please answer and explain this question

year for the next 9 years. You expect to earn 12 percenteach year. 1.36 Required: points 1. Determine how much you will havesaved after 9 years. 2. Determine the amount saved if you were

2 You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $33,000 at the end of each year for the next 9 years. You expect to earn 12 percent each year. 1.36 Required: points 1. Determine how much you will have saved after 9 years. 2. Determine the amount saved if you were able to deposit $35,000 each year. 3. Determine the amount saved if you deposit $33,000 each year, but with 14 percent Interest. =Book Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 References Determine how much you will have saved after 9 years. (Future Value of $1, Present Value of $1, Future Value Annuity nearest whole dollar.) of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round your final answer to the Balance in the Savings Account Print Required 1 Required 2 Required 3 References Determine the amount saved if you were able to deposit $35,000 each year, (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar.) Balance in the Savings Account Required 1 Required 3 >Print Required 1 Required 2 Required 3 References Determine the amount saved if you deposit $33,000 each year, but with 14 percent interest. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Round your final answer to the nearest whole dollar.) Balance in the Savings Account

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