Question
A car's price is currently $20,000 and is expected to rise by 4% a year. If the interest rate is 6%, how much do you
A car's price is currently $20,000 and is expected to rise by 4% a year. If the interest rate is 6%, how much do you need to put aside today to buy the car one year from now?
Question 6 options:
| $18,182 | |
| $19,231 | |
| $19,263 | |
| $14,085 |
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The Financialized Economy
Authors: Alexander Styhre
1st Edition
0367754568, 978-0367754563
