You decide to begin saving toward the purchase of a new car--a BMW convertible, which, today, costs dollar 30,000. You plan on buying the car in 5 years. You already have $10,000 you just inherited. If you put your inheritance into a savings account and then add $2, 500 to your stash at the end of each of the next 5 years, do you think you will be able to afford your car? Assume you can earn 4% annually on your savings account. Why or why not? Sam Spade recently received a bill for some work on his car in the amount of dollar 700. He decided to pay for it with his credit card that has an 18% stated interest rate. He can only afford to pay dollar 25 per month on the account. How long will it take him to pay it completely