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..