Question: please answer both questions. thanks. How much money could be accumulated at the end of the next 19 years if you put $400 aside at

please answer both questions. thanks.

How much money could be accumulated at the end of the next 19 years if you put $400 aside at the end of each year? Assume that you earn 7% a year on your savings. Suppose you buy a new car right now with the total expense equals $10,000.00. How much would you have needed to invest 19 years ago in an account paying 3% compounded annually to cover this amount

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