Business, 18.02.2020 05:28 gabbihardy7980
You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currently sell for $83,800. You believe that the price will increase by 10% per year for the next 7 years. You can presently invest to earn 10% annual interest, compounded annually. How much will you need to invest every year (hint: PMT) to be able to afford to buy the car in 7 years?
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You want to buy an Audi A8 7 years from now. You have priced these cars and found that they currentl...
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