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Aaron wants to buy a Tesla Model S in three years. The current price of a Tesla Model S is $65,000. Aaron's investment account earns
Aaron wants to buy a Tesla Model S in three years. The current price of a Tesla Model S is $65,000. Aaron's investment account earns 6.5% interest annually, and it has a current balance of $50,000. Assume the annual inflation rate will be 2%. According to this information, which of these is closest to the price that Aaron will pay for his Tesla in three years (in Year-3-dollars)?
a.$73,988
b.$68,979
c.$61,251
d.$78,517
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