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Dusty would like to buy a new car in four years. He currently has $9,500 saved. He's considering buying a car for around $13,500 but
Dusty would like to buy a new car in four years. He currently has $9,500 saved. He's considering buying a car for around $13,500 but would like to add a Turbo engine to increase the car's performance. This would increase the price of the car to $17,500. Required: 1-a. If Dusty can earn 8% interest, compounded annually, how much will he have in four years? (FV of $1,PV of $1, FVA of $1, 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. If 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.) Dusty would like to buy a new car in four years. He currently has $9,500 saved. He's considering buying a car for around $13,500 but would like to add a Turbo engine to increase the car's performance. This would increase the price of the car to $17,500. Required: 1-a. If Dusty can earn 8% interest, compounded annually, how much will he have in four years? (FV of $1,PV of $1,FVA of $1, 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. Will he be able to get a car with a Turbo engine in four years
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