IN order to buy a new car, Xavier plans to save half of his annual salary of 100,000 at the end of each year for the next 10 years which pays 12% rate interest. How much will be his account after 10 years?

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A: F = P*(1+r/n)n*t P = F/(1+r/n)n*t Where F = future value ($40,000) P = Amount to deposit today r =…

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