business

As part of your financial planning, you wish to purchase a new cat exactly 5 years from today. The car you wish to purchase coasts $14,000, and your research indicates that its price will increase by 2% to 4% per year over the next 5 years.

a. Estimate the price of the cars at the end of 5 years if inflation is (1) 2% per year and (2) 4% per year.
b. How much more expensive will the car be if the rate of inflation is 4% rather than 2%?

  1. 👍 0
  2. 👎 0
  3. 👁 86

Respond to this Question

First Name

Your Response

Similar Questions

  1. writing

    Can someone tell me if these are the correct verb tense? Education played a good part of successful financial planning. (Past) 2. I have some good ideas from the financial planning classes. (Present) 3. Education will play a good

    asked by Deb on June 29, 2010
  2. com/155

    write five sentences about the role of education in successful financial planning, in which you correctly use a different verb tense in each sentence. Mark each verb used in bold and, in parentheses, identify the specific tense

    asked by genevieve on November 13, 2010
  3. Enlish/com170

    Can you tell me if i did my assignment right and what i need to change. I wrote five sentences about the role of education in successful financial planning. verb sre in quotes and the tense are in parentheses. Education "plays"

    asked by angela on December 31, 2010
  4. Grammar

    Five sentences about the role of education in successful financial planning, using different verb tense in each sentence with the verb in bold. Can you please tell me if the following sentences are correct? My husband and I were

    asked by Star on July 9, 2011
  5. Personal Finance

    One aspect of financial planning is to make sure you maintain adequate insurance coverage for your needs. Which aspect of financial planning does this deal with? A. Retirement and Estate Planning B. Spending C. Managing Risk D.

    asked by Sam on April 13, 2016
  6. personal finance

    Attempts to increase income are part of the ________ component of financial planning. a)planning b)obtaining c)saving d)sharing IS A OR C CORRECT?THANK YOU:))))

    asked by vedrana on August 5, 2010
  7. Personal Finance

    One aspect of financial planning is to make sure you maintain adequate insurance coverage for your needs. Which aspect of financial planning does this deal with? A. Retirement and Estate Planning B. Spending C. Managing Risk D.

    asked by Jackie on April 21, 2015
  8. english

    Education in financial planning had opened (past perfect tense) my eyes to better money management. Financial planning education will be teaching (future progressive tense) me better money saving strategies. The role of education

    asked by Com 155 on April 16, 2011
  9. Tax Accounting

    Many tax professionals have moved into the field of financial planning for their clients. How do taxes impact financial planning for a client? Why do tax professionals have a perfect opportunity to perform financial planning for

    asked by Patte on September 9, 2016
  10. com170

    I would like to know if I did this assignment right write five sentences with the verb highlighed and the tense in parentheses Education "plays"(present tense) a major role in successful financial planning.You will "need"(future

    asked by angela on December 30, 2010

More Similar Questions