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As part of your financial planning you wish to purchase q new car exactly 7 years from today . The car you wish to purchase costs 14000 today and your research indicates that it's price will increase by 3% to 6% per year over the next 7 years. Round to nearest cent

1) the price of the car at the end of 7 years of inflation is 3% per year is ....

2) the price of the car at the end of 7 years of inflation is 6% per year is...

3) at the higher rate of inflation the car is more expensive by....( round to nearest cent)

4) the price of the car at the end of 7 years if inflation is 3% for the next 3 years and 6% for 4 years after that is..

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91592406

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