You recently got promoted at your job. You have since decided to buy your dream car and expect that it will cost you $94,000 six years from today. After budgeting your expenses, you decide that you can save $12,000 per year at the beginning of each year. Given a market interest rate of 8%, will you be able to purchase your car at the end of year 6? Would you be able to afford it at the end of year 7, if the overall market rate fell to 11%?