A news article forecasts that it will cost around $36,871 to purchase a Lexus NX300 in 2024. How much will you have to invest today at 6.96% per year to have the $36,871 available for the purchase of the car four years from today?

As part of your financial planning, you wish to purchase a new car exactly 5 years from today. The car you wish to purchase costs $20,000 today, and your research indicates that its price will increase by 2% to 4% per year over the next 5 years. Estimate how much you have to put on annual deposits at the end of each 5 following years to fulfill your dreams about new car. You can deposit your money on deposits which give you 6% rate of return per year.

As part of your financial planning, you wish to purchase a new car exactly 5 years from today. The car you wish to purchase costs $14,000 today, 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 car 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%?c. Estimate the price of the car if inflation is 2% for the next 2 years and 4% for 3 years after that.

You are planning to buy a new car/truck (of your dreams) 7 years’ time at a cost of $134,956. How much will you need to save each month to be able to buy the car with cash assuming an annual interest rate of 10%?

You want to purchase a new car and you are willing to pay $20,000. If you can invest at 10% per year and you currently have $15,000, how long will it be before you have enough money to pay cash for the car?

Elijah Enterprises will need to upgrade the computer system in 6 years. They anticipate the upgrade to cost $95,300. If the discount rate is 15%, what will be the required yearly investment needed to obtain the money for the upgrade?Round your (1+R)^n value to 2 decimal places and use that number for your final amount required rounded to the nearest dollar. Future Value / (1+R)^n = Amount Required   /   =   What would be required if the discount rate was 8%? Future Value / (1+R)^n = Amount Required   /   =

You're trying to save to buy a new $68,000 sports car. Currently, you have saved $36840 which is invested at 4.9 percent annual interest. How many years will it be before you purchase the car assuming the price of the car remains constant?

I want to buy a Tesla Model S. in 10 years.  The only problem is that it will cost $90,000! how much would I have to deposit each month into a savings plan offering 5.6% APR in order   to have enough saved to buy the car in 10 years? What percent of the total amount saved will come from interest if I go with the monthly savings plan?

How much do you have to invest today to have $25,000 for the purchase of a car four years from now if the interest rate is 8% compounded annually?

The business you are working for needs a delivery van. You just purchased a van for $70000 and plan on owning it for the next 10 years. You plan on driving it an average of 15000 miles per year. The cost per mile is expected to be $0.8 in the first year and increase by 0.035 per year thereafter. What is your average annual cost for owning the van over the 10 years at an interest rate of 0.040 per year? Your Answer: Answer