B. If the total annual expense for this car is deposited at the end of each year into an IRA paying 7.8% compounded yearly, how much will be saved at nt
the end of seven years? Use the formula A =
a. If you drive 40,000 miles per year, the total annual expense for this car is $ 39200

b. If the total annual expense for this car is deposited at the end of each year into an IRA paying 7.8% compounded yearly, the amount saved at the end
of seven years is