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 $19,000 today, and your research indicates that its price will increase by 4% to 8% per year over the next 6 years. a. Estimate the price of the car at the end of 6 years if inflation is (1) 4% per year and (2) 8% per year. b. How much more expensive will the car be if the rate of inflation is 8% rather than 4%? c. Estimate the price of the car if inflation is 4% for the next 2 years and 8% for 4 years after that. a. The price of the car at the end of 6 years, if inflation is 4% per year, is $. (Round to the nearest cent.)