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Brief Exercise C-3 (Algo) Calculate the future value of a single amount (LO C-2) Dusty would like to buy a new car in four years.

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Brief Exercise C-3 (Algo) Calculate the future value of a single amount (LO C-2) Dusty would like to buy a new car in four years. He currently has $6,500 saved. He's considering buying a car for around $10,500 bu would like to add a Turbo engine to increase the car's performance. This would increase the price of the car to $14,500. Required: 1-0. If Dusty can earn 8% Interest, compounded annually, how much will be have in four years? (EV of $1. PV of $1. EVA of S1, and PVA of $1) 1-b. Will he be able to get a car with a Turbo engine in four years? Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 1 Dusty can earn 8% Interest, compounded annually, how much will he have in four years? (Use tables, Excel, or a financial calculator. Round your answer to 2 decimal places.) Future 3 Ron Reg 1B >

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