Do Homework - Tanner Bednar - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=5500382638.questionld=18 flushed=false&cld=5765321¢erwin=yes FINA 2230 Business Finance-5 Weeks-Winter 2019 Peters Tanner Bednar: 02/03/20 11:15 AM Homework: Chapter 5 Save Score: 0 of 1 pt 3 of 30 (0 complete) HW Score: 0%, 0 of 30 pts P5-6 (similar to) 3 Question Help Time value Personal Finance Problem As part of your financial planning, you wish to purchase a new car 8 years from today. The car you wish to purchase costs $19,000 today, and your research indicates that its price will increase by 3% to 6% per year over the next 8 years a. Estimate the price of the car at the end of 8 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 3 years and 6% for 5 years after that. a. The price of the car at the end of 8 years, if inflation is 3% per year, is $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. 2 parts 3 remaining Clear All Check