As part of your financial planning, you wish to purchase a new car exactly 6years from today. The car you wish to purchase costs $17, 000 today, and your research indicates that its price will increase by 3% to 6% per year over the next 6years.

A.Estimate the price of the car at the end of 6 years if inflation is (1) 3% per year and (2) 6% per year.

B.How much more expensive will the car be if the rate of inflation is 6% rather than 3%?

C.Estimate the price of the car if inflation is 3% for the next 2years and 6% for 4years after that. A. The price of the car at the end of 6years, if inflation is 3%

per year, is $______ (Round to the nearest cent.)