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Dusty would like to buy a new car in five years. He currently has $14,500 saved. He's considering buying a car for around 518,500 but
Dusty would like to buy a new car in five years. He currently has $14,500 saved. He's considering buying a car for around 518,500 but would like to add a Turbo engine to increase the car's performance. This would increase the price of the car to $22,500. 1-a. Il Dusty can earn 10% Interest, compounded annually, how much will be have in five years? (FV of $1. PV of $1. EVA of $1, and PVA of $1 (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.) 5 23 35240 1-b. Will he be able to get a car with a Turbo engine in five years? Yes O No
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