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0/2 pts Incorrect Question 41 This is the first question for which you may need to use the time value of money tables (or a
0/2 pts Incorrect Question 41 This is the first question for which you may need to use the time value of money tables (or a calculator): Think of an automobile currently priced at $20,000. If price of cars increases 5% per year, what will be the approximate price of an equivalent vehicle 5 years from now. (Hint the inflation rate can be treated as an interest rate.) O $23.500 O $24.000 O $24,500 O $25,000 O $25,500 0/2 pts Incorrect Question 42 Suppose that you plan to invest $1200 at the end of each of the next 9 years and you want to have accumulated $15,600 at the end of this period. What rate of return would you need to achieve? (Hint: this is what I called an A=BxC problem in which you know A and B.) O 8% O 9% O 10% O 11% O 12%
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