6. You want to buy a Nissan 370Z on your 27th birthday. You have priced these cars and found that they currently sell for $30,000. You believe that the price will increase by 5% per year until you are ready to buy. You can presently invest to earn 14%. Assume you just turned 20 years old and answer the two-part questions. Part I. What is the future price of the car? A. $ 30,000 Work: B. $ 42,213 C. $ 50,000 D. $ 75,068 Part II. How much must you invest at the end of each of the next 7 years to be able to purchase the Nissan in 7 years? A. $ 3,934 Work: B. $ 5,185 C. $7,500 D. $30,000