Question
Tesla's Model 3 is currently priced at $35,000. The price is expected to rise by 3% a year. If your local bank offers 10% interest
Tesla's Model 3 is currently priced at $35,000. The price is expected to rise by 3% a year. If your local bank offers 10% interest on your deposit, how much do you need to put aside today to buy the car 5 years (n=5) from now? more than one answer
| A. | $25,193.6 | |
| B. | $29,367.8 | |
| C. | $35,000 | |
| D. | $40,574.6 |
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Cryptocurrency QuickStart Guide
Authors: Jonathan Reichental
1st Edition
1636100406, 978-1636100401
