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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 4.8% per year over the next four years. how much will your dream
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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 4.8% per year over the next four years. how much will your dream car cost by the time you are ready to buy it?

User Boris Karloff
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1 Answer

3 votes

Answer:

$98,340.00

Step-by-step explanation:

(Current price)$82500.00x 4.8% (Rate ach year)= $3960 (each year for 4 years)

$3960+$3960+$3960+$3960=$15840

$82500+$15840=$98340

User Flatronka
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