6. 8.30 The negotiated price of a car you want is $42,000 today. Its price is expected...
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6. 8.30 The negotiated price of a car you want is $42,000 today. Its price is expected to increase by $1000 each year. You now have $25,000 in an investment account that is earning 10% per year. How many years will it be before you have enough to buy the car without borrowing any money? Solve by
(a) factors and trial and error, and
(b) spreadsheet.
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Related Book For 
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
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