You plan to buy a new mercedes four years from now today a, Finance Basics

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You plan to buy a new mercedes four years from now today a

Question: You plan to buy a new Mercedes four years from now. Today, a comparable car costs $82,500. You expect the price of the car to increase by an average of 4.8 percent per year over the next four years. How much will your dream car cost by the time you are ready to buy it? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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