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could really use some help. 21. Assume you would like to purchase a new Tesla that sells for $97,500 today. Its price is increasing at
could really use some help.
21. Assume you would like to purchase a new Tesla that sells for $97,500 today. Its price is increasing at an annual rate of 2%. If you currently have $65,000 saved as of today, what annual rate of return would you need to earn on those savings to be able to afford the car 3 years from today assuming you save no more money? a. 14.87% b. 14.47% c. 13.95% d. 15.99% e. 16.76%Step by Step Solution
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