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Time value Personal Finance Problem As part of your financial planning, you wish to purchase a new car 6 years from today. The car you

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Time value Personal Finance Problem As part of your financial planning, you wish to purchase a new car 6 years from today. The car you wish to purchase costs $14,000 hiday and your research indic increase by 4% to 5% per year over the next 6 years and (2) 8% per year a. Estimate the price of the car at the end of 6 years if intation (1) 45% per b. How much more expensive will the cat be if the rate of leaton is 8% rather than 45 e Estimate the price of the car if intation is es for the next 3 years and 5% for 3 years after that a. The price of the car at the end of 6 years, if inflation is 2% per year is (Round to the nearest cant) The price of the car at the end of 6 years, if inflation in thon and hide comment Hound to c b. At the higher rate of inflation, the car is more expensive by Round to the recent The price of the car at the end of 6 years, if indsion is 4% for the next 3 years and 0% for 3 years after that Round to the east can Time value Personal Finance Problem As part of your financial planning, you wish to purchase a new car 6 years from today. The car you wish to purchase costs $14,000 hiday and your research indic increase by 4% to 5% per year over the next 6 years and (2) 8% per year a. Estimate the price of the car at the end of 6 years if intation (1) 45% per b. How much more expensive will the cat be if the rate of leaton is 8% rather than 45 e Estimate the price of the car if intation is es for the next 3 years and 5% for 3 years after that a. The price of the car at the end of 6 years, if inflation is 2% per year is (Round to the nearest cant) The price of the car at the end of 6 years, if inflation in thon and hide comment Hound to c b. At the higher rate of inflation, the car is more expensive by Round to the recent The price of the car at the end of 6 years, if indsion is 4% for the next 3 years and 0% for 3 years after that Round to the east can

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