You plan to purchase a BMW sedan in six years for $85,000. You have saved $30,000 for the car and plan to invest this money to purchase the car. What rate of interest would you have to earn to be able to purchase the car after six years? 19%17%15%13%11%9% QUESTION 5 You plan to purchase a BMW M5 sedan for $85,000. You have saved $30,000 for the car and plan to invest this money to purchase the car. How many years would you have to wait if you can earn 12 percent annual rate, compounded quarterly? 6.537.258.8110.5619.5435.23