Question
You plan to buy a new BMW i8 5 years from now. You expect the price of this model of car to increase by 5%
You plan to buy a new BMW i8 5 years from now. You expect the price of this model of car to increase by 5% per year over the next 5 years. You have calculated that, when you buy the car 5 years from now, your monthly payment will be $3999.79, based on a 5 year loan at 12% annual interest. What is the current price of the car?
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The Palgrave Handbook Of Government Budget Forecasting
Authors: Daniel Williams, Thad Calabrese
1st Edition
3030181944, 978-3030181949
