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Tyrone wants to spend $14,500 on a new car three years from now. He opens...

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Finance

Tyrone wants to spend $14,500 on a new car three years from now. He opens a savings account and deposits $3,100 today. One year from now, he plans to deposit $3,050 in the account, and one year after that, he plans to deposit another $3,050. If the account earns 5% interest per year, how much additional money will Tyrone need three years from now to meet his $14,500 goal? [Enter your answer as a whole number with no dollar

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