1. You are about to set sail on your long-term goal of sailing the seven seas over a seven-year period. You anticipate expenses to run $300,000 per year and that you will be earning 3% interest on...

1. You are about to set sail on your long-term goal of sailing the seven seas over a seven-year period. You anticipate expenses to run $300,000 per year and that you will be earning 3% interest on your savings. Calculate how much you will need in savings before you set sail to cover the cost of the adventure using the following methods:

a. Reference table

b. Financial calculator