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How much must you save at the end of each of the next 7 year

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You want to buy a Toyota prius on your 27th birthday. You have priced these cars and found that they currently self for $30,000. You believe that the price will increase to $36,000 in seven years when you are ready to buy. You can presently invest to eam 10 percent. If you just turn 20 years old. How much must you save at the end of each of the next 7 years to be able to purchase the Toyota prices in 7 years?

Reference no: EM132527600

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