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question: As part of you financial planning, you wish to purchase a new car 5 years from today. The car you wish to purchase $15,000 today, and your research indicates that its price will increase 3% to 6% per year over the next 5 years.

a) Estimate the price of the car at the end of 5 years if inflation is (1) 3% per year and (2) 6% per year

b) how mucn 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 2 years and 6% for 3 years after that

Score: 0 of 1 pt 8 of 10 complete HW Score 36.25%, 3.63 of 10 pts P5-6 (similar to) 0 Time value Personal Finance Problem As part of your financial planning, you wish to purchase a new car 5 years from today. The car you wish to purchase costs 515.000 today, and your research indicates that a price will increase by 6% per year over the next years. a. Estimate the price of the car at the end of 5 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 her than 37 c. Estimate the price of the car if inflation is 3% for the next 2 years and 0% for years after that a. The price of the car at the end of 5 years, inflation is 3% per year is $ (Round to the nearest cant)