Finance Problem
Nancy would like to accumulate $10,000 by the end of 3 years from now to buy a sportscar from her friend, Jim. She has $2,500 now and would like to save equal annual end-of-year deposits to pay for the car. How much should she deposit at the end of each year inan account paying 8 percent interest to buy the car.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.