Solve the below problem:
Q: You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million dollars. Your plan is to deposit $15,800 at the end of each year for the next 9 years. You expect to earn 7 percent each year.
Requirement 1:
Determine how much you will have saved after 9 years.
FV of annuity $
Requirement 2:
Determine the amount saved if you were able to deposit $18,300 each year.
FV of annuity $
Requirement 3:
Determine the amount saved if you deposit $15,800 each year, but with 10 percent interest.