You hope to buy your dream car four years from now. Today, that car costs $54.500 You expect the price to increase by an average of 3.1 percent per year over the next four years. How much will your dream car cost by the time you are ready to buy it? $61, 578.79 $58, 340.00 $61, 818.02 $61, 023.16 $58, 666.67 Your father invested a lump sum 33 years ago at 4.25 percent interest. Today, he gave you the proceeds of that investment which totaled $51, 480.79. How much did your father originally invest? $6, 500.00 $11, 999.45 $5, 929.47 $15, 500.00 $13, 035.72 Twelve years ago, your parents set aside $8,000 to help fund your college education. Today, that fund is valued at $23, 902. What rate of interest is being earned on this account? 9.67 percent 9.06 percent 8.99 percent 9.55 percent 9.42 percent Some time ago, Trade purchased 11 acres of land costing $77, 900. Today, the valued at $54, 800. How long has she owned this land if the price of the \and decreasing by 3.5 percent per year? 9.08 years 10.29 years 11.33 years 9.87 years 12.08 years