The price of a car you want is $39,000 today. Its price is expected to increase by $1000 each year. You now have $25,000 in an investment account, which is earning 11.00% per year. How many years will it be before you have enough to buy the car without borrowing any money? (Round the final answer to three decimal places.) The time taken is determined to be 13 years.

You plan to graduate in 4 years, and then travel to Italy for 3 weeks. The trip will cost $1,500. If you can earn an annual interest rate of 8%, how much do you have to save right now to have enough money for your trip? Instead, the interest rate is 0.667% per month. How much do you need to save right now?

You will have $100,000 exactly 7 years from now. You began with an investment of $50,000 at Time Zero.  What rate of interest did you earn?

You have decided to buy a car this year at a price of $18,000. You're planning to take out a loan for the full price of the vehicle at an interest rate of .5% per month. For the first two years (24 months), you decide to repay $600 per month. How much will you have to pay each month for the remainder of the three-year loan (12 months remain) to exactly pay off the car in full at the end of the three-year term? Hint: Consider the monthly interest rate, the number of periods in months, and the monthly cash flows. $433 $500 $443 $600 O $419

Today, your dream car costs $67,700. You feel that the price of the car will increase at an annual rate of 2.6 percent. If you plan to wait 6 years to buy the car, how much will it cost at that time.

You want to purchase a car 4 years from now, and you plan to save $4,500 per year, beginning immediately. You will make 4 deposits in an account that pays 6.3% interest. Under these assumptions, how much will you have 4 years from today? (please round your answer to two decimal points)

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?

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?

Yang is considering buying an asset that, starting 5 years from now, will pay $10,000 per year forever. Assume that the required return is 7.25%.  What is the most Yang should pay for this asset?

AI Derover wants to buy a used jeep in five years. He estimates the cost will be $13,000 If he invests $8,500 now at a rate of 10% compounded semiannually, will he have enough money to buy the jeep at the end of five years? Show your work (Round your answer to the nearest cent.) Yes he will have 13,845 60