SlideShare a Scribd company logo

You would like to buy a new car in five.docx

W
W

course material

You would like to buy a new car in five.docx

1 of 1
Download to read offline
You would like to buy a new car in five
You would like to buy a new car in five years for cash. The price of the car today is $56,000
and you expect that the price will increase by 6% per year. You plan to save for this car
starting today with a deposit in your savings account, which currently has a balance of
$1,800 and earns 4% compounded annually.You know that you will be receiving an
inheritance of $3,500 three years from today, which you will deposit in your savings
account for the car. If you make a deposit every month for the next five years beginning one
month from today, how much will the deposit have to be in order for you to be able to pay
cash for the car?Tasks:Analyze the differences in the value of the car today and the value of
the car in 3 years. Why will this value change?Evaluate the amount of money you will have
saved and the amount needed to purchase the car. Are they the same?Justify it would be
financially smarter to purchase the car today and pay a 5% interest rate, or wait and
purchase the car in 5 years.

Recommended

Yes you can spend a dollar multiple times!
Yes you can spend a dollar multiple times!Yes you can spend a dollar multiple times!
Yes you can spend a dollar multiple times!AllianceGroup Financial
 
Week 2 Problem SetPrepare a spreadsheet that shows your calcul.docx
Week 2 Problem SetPrepare a spreadsheet that shows your calcul.docxWeek 2 Problem SetPrepare a spreadsheet that shows your calcul.docx
Week 2 Problem SetPrepare a spreadsheet that shows your calcul.docxcockekeshia
 
Chapter 9Exercise 1 Go to the Federal Reserve webs
Chapter 9Exercise 1 Go to the Federal Reserve websChapter 9Exercise 1 Go to the Federal Reserve webs
Chapter 9Exercise 1 Go to the Federal Reserve websTawnaDelatorrejs
 
You are evaluating a potential purchase of several light-duty trucks.docx
You are evaluating a potential purchase of several light-duty trucks.docxYou are evaluating a potential purchase of several light-duty trucks.docx
You are evaluating a potential purchase of several light-duty trucks.docxjacvzpline
 
$5,000 Today and TomorrowBased on your reading in the textbook, wr.docx
$5,000 Today and TomorrowBased on your reading in the textbook, wr.docx$5,000 Today and TomorrowBased on your reading in the textbook, wr.docx
$5,000 Today and TomorrowBased on your reading in the textbook, wr.docxmarilynnhoare
 
$5,000 Today and TomorrowBased on your reading in the textbook, wr.docx
$5,000 Today and TomorrowBased on your reading in the textbook, wr.docx$5,000 Today and TomorrowBased on your reading in the textbook, wr.docx
$5,000 Today and TomorrowBased on your reading in the textbook, wr.docxhoney690131
 
E1. Go to the Federal Reserve Web site, httpwww.federalreserve..docx
E1. Go to the Federal Reserve Web site, httpwww.federalreserve..docxE1. Go to the Federal Reserve Web site, httpwww.federalreserve..docx
E1. Go to the Federal Reserve Web site, httpwww.federalreserve..docxhasselldelisa
 

More Related Content

Similar to You would like to buy a new car in five.docx

Sheet1Introduction to Finance FIN2030Week 2, Assignment 2Part One.docx
Sheet1Introduction to Finance FIN2030Week 2, Assignment 2Part One.docxSheet1Introduction to Finance FIN2030Week 2, Assignment 2Part One.docx
Sheet1Introduction to Finance FIN2030Week 2, Assignment 2Part One.docxlesleyryder69361
 
Discussion 1Imagine that you have decided you need a new car, bu.docx
Discussion 1Imagine that you have decided you need a new car, bu.docxDiscussion 1Imagine that you have decided you need a new car, bu.docx
Discussion 1Imagine that you have decided you need a new car, bu.docxduketjoy27252
 
We will use a formula to look at how much.pdf
We will use a formula to look at how much.pdfWe will use a formula to look at how much.pdf
We will use a formula to look at how much.pdfsdfghj21
 
E1. Go to the federal reserve website, httpwww.federalreser
E1. Go to the federal reserve website, httpwww.federalreserE1. Go to the federal reserve website, httpwww.federalreser
E1. Go to the federal reserve website, httpwww.federalresertawnan2hsurra
 
Note Please show your work in a word document, and note the roundin.docx
Note Please show your work in a word document, and note the roundin.docxNote Please show your work in a word document, and note the roundin.docx
Note Please show your work in a word document, and note the roundin.docxdarwinming1
 
The Financial Project
The Financial ProjectThe Financial Project
The Financial ProjectLemcc
 
Life skills part 2 budgets
Life skills part 2 budgetsLife skills part 2 budgets
Life skills part 2 budgetsGreg
 
FIN 401 help A Guide to career/Snaptutorial
FIN 401 help A Guide to career/SnaptutorialFIN 401 help A Guide to career/Snaptutorial
FIN 401 help A Guide to career/Snaptutorialpinck2377
 
FIN 401 help A Guide to career/Snaptutorial
 FIN 401 help A Guide to career/Snaptutorial FIN 401 help A Guide to career/Snaptutorial
FIN 401 help A Guide to career/Snaptutorialpinck235
 
Relationship Between Bond Prices and Interest Rates
Relationship Between Bond Prices and Interest RatesRelationship Between Bond Prices and Interest Rates
Relationship Between Bond Prices and Interest RatesProf. Simply Simple
 
You have just received a windfall from an investment you.docx
You have just received a windfall from an investment you.docxYou have just received a windfall from an investment you.docx
You have just received a windfall from an investment you.docxscottharry3
 
An investment will pay $50 at the end of each of the next 3 years- $25.docx
An investment will pay $50 at the end of each of the next 3 years- $25.docxAn investment will pay $50 at the end of each of the next 3 years- $25.docx
An investment will pay $50 at the end of each of the next 3 years- $25.docxKevinxEwStewarth
 
Purpose of Assignment The purpose of this assignment is to allow s.docx
Purpose of Assignment The purpose of this assignment is to allow s.docxPurpose of Assignment The purpose of this assignment is to allow s.docx
Purpose of Assignment The purpose of this assignment is to allow s.docxdenneymargareta
 
Fin 571 week 4 individual homework
Fin 571 week 4 individual homework  Fin 571 week 4 individual homework
Fin 571 week 4 individual homework Laynebaril
 
Fin 571 week 4 individual homework
Fin 571 week 4 individual homework  Fin 571 week 4 individual homework
Fin 571 week 4 individual homework Laynebaril
 
Fin 571 week 4 individual homework
Fin 571 week 4 individual homework  Fin 571 week 4 individual homework
Fin 571 week 4 individual homework Laynebaril
 
1.         Calculate future value of $5,600 received today and dep.docx
1.         Calculate future value of $5,600 received today and dep.docx1.         Calculate future value of $5,600 received today and dep.docx
1.         Calculate future value of $5,600 received today and dep.docxvrickens
 
Lecture 6 time value of money
Lecture 6 time value of moneyLecture 6 time value of money
Lecture 6 time value of moneyKritika Jain
 
2019 nmims ready assignments evaluate the project npv. would you accept the...
2019 nmims ready assignments   evaluate the project npv. would you accept the...2019 nmims ready assignments   evaluate the project npv. would you accept the...
2019 nmims ready assignments evaluate the project npv. would you accept the...nmimsbest
 
Nmims june 2019 customized assignments a stock currently trades at rs. 60 p...
Nmims june 2019 customized assignments   a stock currently trades at rs. 60 p...Nmims june 2019 customized assignments   a stock currently trades at rs. 60 p...
Nmims june 2019 customized assignments a stock currently trades at rs. 60 p...nmimsbest
 

Similar to You would like to buy a new car in five.docx (20)

Sheet1Introduction to Finance FIN2030Week 2, Assignment 2Part One.docx
Sheet1Introduction to Finance FIN2030Week 2, Assignment 2Part One.docxSheet1Introduction to Finance FIN2030Week 2, Assignment 2Part One.docx
Sheet1Introduction to Finance FIN2030Week 2, Assignment 2Part One.docx
 
Discussion 1Imagine that you have decided you need a new car, bu.docx
Discussion 1Imagine that you have decided you need a new car, bu.docxDiscussion 1Imagine that you have decided you need a new car, bu.docx
Discussion 1Imagine that you have decided you need a new car, bu.docx
 
We will use a formula to look at how much.pdf
We will use a formula to look at how much.pdfWe will use a formula to look at how much.pdf
We will use a formula to look at how much.pdf
 
E1. Go to the federal reserve website, httpwww.federalreser
E1. Go to the federal reserve website, httpwww.federalreserE1. Go to the federal reserve website, httpwww.federalreser
E1. Go to the federal reserve website, httpwww.federalreser
 
Note Please show your work in a word document, and note the roundin.docx
Note Please show your work in a word document, and note the roundin.docxNote Please show your work in a word document, and note the roundin.docx
Note Please show your work in a word document, and note the roundin.docx
 
The Financial Project
The Financial ProjectThe Financial Project
The Financial Project
 
Life skills part 2 budgets
Life skills part 2 budgetsLife skills part 2 budgets
Life skills part 2 budgets
 
FIN 401 help A Guide to career/Snaptutorial
FIN 401 help A Guide to career/SnaptutorialFIN 401 help A Guide to career/Snaptutorial
FIN 401 help A Guide to career/Snaptutorial
 
FIN 401 help A Guide to career/Snaptutorial
 FIN 401 help A Guide to career/Snaptutorial FIN 401 help A Guide to career/Snaptutorial
FIN 401 help A Guide to career/Snaptutorial
 
Relationship Between Bond Prices and Interest Rates
Relationship Between Bond Prices and Interest RatesRelationship Between Bond Prices and Interest Rates
Relationship Between Bond Prices and Interest Rates
 
You have just received a windfall from an investment you.docx
You have just received a windfall from an investment you.docxYou have just received a windfall from an investment you.docx
You have just received a windfall from an investment you.docx
 
An investment will pay $50 at the end of each of the next 3 years- $25.docx
An investment will pay $50 at the end of each of the next 3 years- $25.docxAn investment will pay $50 at the end of each of the next 3 years- $25.docx
An investment will pay $50 at the end of each of the next 3 years- $25.docx
 
Purpose of Assignment The purpose of this assignment is to allow s.docx
Purpose of Assignment The purpose of this assignment is to allow s.docxPurpose of Assignment The purpose of this assignment is to allow s.docx
Purpose of Assignment The purpose of this assignment is to allow s.docx
 
Fin 571 week 4 individual homework
Fin 571 week 4 individual homework  Fin 571 week 4 individual homework
Fin 571 week 4 individual homework
 
Fin 571 week 4 individual homework
Fin 571 week 4 individual homework  Fin 571 week 4 individual homework
Fin 571 week 4 individual homework
 
Fin 571 week 4 individual homework
Fin 571 week 4 individual homework  Fin 571 week 4 individual homework
Fin 571 week 4 individual homework
 
1.         Calculate future value of $5,600 received today and dep.docx
1.         Calculate future value of $5,600 received today and dep.docx1.         Calculate future value of $5,600 received today and dep.docx
1.         Calculate future value of $5,600 received today and dep.docx
 
Lecture 6 time value of money
Lecture 6 time value of moneyLecture 6 time value of money
Lecture 6 time value of money
 
2019 nmims ready assignments evaluate the project npv. would you accept the...
2019 nmims ready assignments   evaluate the project npv. would you accept the...2019 nmims ready assignments   evaluate the project npv. would you accept the...
2019 nmims ready assignments evaluate the project npv. would you accept the...
 
Nmims june 2019 customized assignments a stock currently trades at rs. 60 p...
Nmims june 2019 customized assignments   a stock currently trades at rs. 60 p...Nmims june 2019 customized assignments   a stock currently trades at rs. 60 p...
Nmims june 2019 customized assignments a stock currently trades at rs. 60 p...
 

More from write5

Your individual project in this Unit is based on the.docx
Your individual project in this Unit is based on the.docxYour individual project in this Unit is based on the.docx
Your individual project in this Unit is based on the.docxwrite5
 
Your work with the companies is coming to a.docx
Your work with the companies is coming to a.docxYour work with the companies is coming to a.docx
Your work with the companies is coming to a.docxwrite5
 
Your instructor will assign one of the three stages of.docx
Your instructor will assign one of the three stages of.docxYour instructor will assign one of the three stages of.docx
Your instructor will assign one of the three stages of.docxwrite5
 
Your project lead has asked you to determine if PVSS.docx
Your project lead has asked you to determine if PVSS.docxYour project lead has asked you to determine if PVSS.docx
Your project lead has asked you to determine if PVSS.docxwrite5
 
Your Investment and their Competition Write a word.docx
Your Investment and their Competition Write a word.docxYour Investment and their Competition Write a word.docx
Your Investment and their Competition Write a word.docxwrite5
 
Your comprehensive health history that was assigned in Module 01.docx
Your comprehensive health history that was assigned in Module 01.docxYour comprehensive health history that was assigned in Module 01.docx
Your comprehensive health history that was assigned in Module 01.docxwrite5
 
The Legend of Sleepy Hollow by Washington Irving.docx
The Legend of Sleepy Hollow by Washington Irving.docxThe Legend of Sleepy Hollow by Washington Irving.docx
The Legend of Sleepy Hollow by Washington Irving.docxwrite5
 
You will perform a history of a musculoskeletal problem that.docx
You will perform a history of a musculoskeletal problem that.docxYou will perform a history of a musculoskeletal problem that.docx
You will perform a history of a musculoskeletal problem that.docxwrite5
 
You will write at least six full pages summarizing.docx
You will write at least six full pages summarizing.docxYou will write at least six full pages summarizing.docx
You will write at least six full pages summarizing.docxwrite5
 
THIS IS DO NOT ACCEPT IT IF YOU WILL.docx
THIS IS DO NOT ACCEPT IT IF YOU WILL.docxTHIS IS DO NOT ACCEPT IT IF YOU WILL.docx
THIS IS DO NOT ACCEPT IT IF YOU WILL.docxwrite5
 
you will select one of the six model nations to.docx
you will select one of the six model nations to.docxyou will select one of the six model nations to.docx
you will select one of the six model nations to.docxwrite5
 
You will be watching ONE episode of one of the.docx
You will be watching ONE episode of one of the.docxYou will be watching ONE episode of one of the.docx
You will be watching ONE episode of one of the.docxwrite5
 
This week I will be discussing induction cooktops Research and.docx
This week I will be discussing induction cooktops Research and.docxThis week I will be discussing induction cooktops Research and.docx
This week I will be discussing induction cooktops Research and.docxwrite5
 
This week you are exploring what it means to have.docx
This week you are exploring what it means to have.docxThis week you are exploring what it means to have.docx
This week you are exploring what it means to have.docxwrite5
 
The Power Grid and Big Data Contains unread posts.docx
The Power Grid and Big Data Contains unread posts.docxThe Power Grid and Big Data Contains unread posts.docx
The Power Grid and Big Data Contains unread posts.docxwrite5
 
This is a case study to help you understand the.docx
This is a case study to help you understand the.docxThis is a case study to help you understand the.docx
This is a case study to help you understand the.docxwrite5
 
Week 2 Activity Healthcare Finance Questions Overview This activity.docx
Week 2 Activity Healthcare Finance Questions Overview This activity.docxWeek 2 Activity Healthcare Finance Questions Overview This activity.docx
Week 2 Activity Healthcare Finance Questions Overview This activity.docxwrite5
 
We require a portfolio of design including representative examples.docx
We require a portfolio of design including representative examples.docxWe require a portfolio of design including representative examples.docx
We require a portfolio of design including representative examples.docxwrite5
 
Watch the TED Talk for Chapter 8 on Pay.docx
Watch the TED Talk for Chapter 8 on Pay.docxWatch the TED Talk for Chapter 8 on Pay.docx
Watch the TED Talk for Chapter 8 on Pay.docxwrite5
 
The value of diversity in groups and society is continually.docx
The value of diversity in groups and society is continually.docxThe value of diversity in groups and society is continually.docx
The value of diversity in groups and society is continually.docxwrite5
 

More from write5 (20)

Your individual project in this Unit is based on the.docx
Your individual project in this Unit is based on the.docxYour individual project in this Unit is based on the.docx
Your individual project in this Unit is based on the.docx
 
Your work with the companies is coming to a.docx
Your work with the companies is coming to a.docxYour work with the companies is coming to a.docx
Your work with the companies is coming to a.docx
 
Your instructor will assign one of the three stages of.docx
Your instructor will assign one of the three stages of.docxYour instructor will assign one of the three stages of.docx
Your instructor will assign one of the three stages of.docx
 
Your project lead has asked you to determine if PVSS.docx
Your project lead has asked you to determine if PVSS.docxYour project lead has asked you to determine if PVSS.docx
Your project lead has asked you to determine if PVSS.docx
 
Your Investment and their Competition Write a word.docx
Your Investment and their Competition Write a word.docxYour Investment and their Competition Write a word.docx
Your Investment and their Competition Write a word.docx
 
Your comprehensive health history that was assigned in Module 01.docx
Your comprehensive health history that was assigned in Module 01.docxYour comprehensive health history that was assigned in Module 01.docx
Your comprehensive health history that was assigned in Module 01.docx
 
The Legend of Sleepy Hollow by Washington Irving.docx
The Legend of Sleepy Hollow by Washington Irving.docxThe Legend of Sleepy Hollow by Washington Irving.docx
The Legend of Sleepy Hollow by Washington Irving.docx
 
You will perform a history of a musculoskeletal problem that.docx
You will perform a history of a musculoskeletal problem that.docxYou will perform a history of a musculoskeletal problem that.docx
You will perform a history of a musculoskeletal problem that.docx
 
You will write at least six full pages summarizing.docx
You will write at least six full pages summarizing.docxYou will write at least six full pages summarizing.docx
You will write at least six full pages summarizing.docx
 
THIS IS DO NOT ACCEPT IT IF YOU WILL.docx
THIS IS DO NOT ACCEPT IT IF YOU WILL.docxTHIS IS DO NOT ACCEPT IT IF YOU WILL.docx
THIS IS DO NOT ACCEPT IT IF YOU WILL.docx
 
you will select one of the six model nations to.docx
you will select one of the six model nations to.docxyou will select one of the six model nations to.docx
you will select one of the six model nations to.docx
 
You will be watching ONE episode of one of the.docx
You will be watching ONE episode of one of the.docxYou will be watching ONE episode of one of the.docx
You will be watching ONE episode of one of the.docx
 
This week I will be discussing induction cooktops Research and.docx
This week I will be discussing induction cooktops Research and.docxThis week I will be discussing induction cooktops Research and.docx
This week I will be discussing induction cooktops Research and.docx
 
This week you are exploring what it means to have.docx
This week you are exploring what it means to have.docxThis week you are exploring what it means to have.docx
This week you are exploring what it means to have.docx
 
The Power Grid and Big Data Contains unread posts.docx
The Power Grid and Big Data Contains unread posts.docxThe Power Grid and Big Data Contains unread posts.docx
The Power Grid and Big Data Contains unread posts.docx
 
This is a case study to help you understand the.docx
This is a case study to help you understand the.docxThis is a case study to help you understand the.docx
This is a case study to help you understand the.docx
 
Week 2 Activity Healthcare Finance Questions Overview This activity.docx
Week 2 Activity Healthcare Finance Questions Overview This activity.docxWeek 2 Activity Healthcare Finance Questions Overview This activity.docx
Week 2 Activity Healthcare Finance Questions Overview This activity.docx
 
We require a portfolio of design including representative examples.docx
We require a portfolio of design including representative examples.docxWe require a portfolio of design including representative examples.docx
We require a portfolio of design including representative examples.docx
 
Watch the TED Talk for Chapter 8 on Pay.docx
Watch the TED Talk for Chapter 8 on Pay.docxWatch the TED Talk for Chapter 8 on Pay.docx
Watch the TED Talk for Chapter 8 on Pay.docx
 
The value of diversity in groups and society is continually.docx
The value of diversity in groups and society is continually.docxThe value of diversity in groups and society is continually.docx
The value of diversity in groups and society is continually.docx
 

Recently uploaded

Evaluation and management of patients with Dyspepsia.pptx
Evaluation and management of patients with Dyspepsia.pptxEvaluation and management of patients with Dyspepsia.pptx
Evaluation and management of patients with Dyspepsia.pptxgarvitnanecha
 
mean stack mean stack mean stack mean stack
mean stack mean stack  mean stack  mean stackmean stack mean stack  mean stack  mean stack
mean stack mean stack mean stack mean stackNuttavutThongjor1
 
LIPIDS UNIT ONE BIOMOLECULE PRESENTATION
LIPIDS UNIT ONE BIOMOLECULE PRESENTATIONLIPIDS UNIT ONE BIOMOLECULE PRESENTATION
LIPIDS UNIT ONE BIOMOLECULE PRESENTATIONSayali Powar
 
Grantseeking Solo- Securing Awards with Limited Staff PDF.pdf
Grantseeking Solo- Securing Awards with Limited Staff  PDF.pdfGrantseeking Solo- Securing Awards with Limited Staff  PDF.pdf
Grantseeking Solo- Securing Awards with Limited Staff PDF.pdfTechSoup
 
Detailed Presentation on Human Rights(1).pptx
Detailed Presentation on Human Rights(1).pptxDetailed Presentation on Human Rights(1).pptx
Detailed Presentation on Human Rights(1).pptxDrOsiaMajeed
 
BTKi in Treatment Of Chronic Lymphocytic Leukemia
BTKi in Treatment Of Chronic Lymphocytic LeukemiaBTKi in Treatment Of Chronic Lymphocytic Leukemia
BTKi in Treatment Of Chronic Lymphocytic LeukemiaFaheema Hasan
 
Uncovering Consumers’ Hidden Narratives
Uncovering Consumers’ Hidden NarrativesUncovering Consumers’ Hidden Narratives
Uncovering Consumers’ Hidden NarrativesRay Poynter
 
50 ĐỀ THI THỬ TỐT NGHIỆP THPT TIẾNG ANH 2024 CÓ GIẢI CHI TIẾT - GIỚI HẠN KHO...
50 ĐỀ THI THỬ TỐT NGHIỆP THPT TIẾNG ANH 2024 CÓ GIẢI CHI TIẾT - GIỚI HẠN KHO...50 ĐỀ THI THỬ TỐT NGHIỆP THPT TIẾNG ANH 2024 CÓ GIẢI CHI TIẾT - GIỚI HẠN KHO...
50 ĐỀ THI THỬ TỐT NGHIỆP THPT TIẾNG ANH 2024 CÓ GIẢI CHI TIẾT - GIỚI HẠN KHO...Nguyen Thanh Tu Collection
 
HOW TO DEVELOP A RESEARCH PROPOSAL (FOR RESEARCH SCHOLARS)
HOW TO DEVELOP A RESEARCH PROPOSAL (FOR RESEARCH SCHOLARS)HOW TO DEVELOP A RESEARCH PROPOSAL (FOR RESEARCH SCHOLARS)
HOW TO DEVELOP A RESEARCH PROPOSAL (FOR RESEARCH SCHOLARS)Rabiya Husain
 
Cardiovascular Pathophysiology- Hypertension
Cardiovascular Pathophysiology- HypertensionCardiovascular Pathophysiology- Hypertension
Cardiovascular Pathophysiology- HypertensionVISHALJADHAV100
 
Different types of animal Tissues DMLT .pptx
Different types of animal Tissues DMLT .pptxDifferent types of animal Tissues DMLT .pptx
Different types of animal Tissues DMLT .pptxPunamSahoo3
 
LIGHT,MIRROR,REFLECTION& REFRACTION. (Optometric optics)
LIGHT,MIRROR,REFLECTION& REFRACTION. (Optometric optics)LIGHT,MIRROR,REFLECTION& REFRACTION. (Optometric optics)
LIGHT,MIRROR,REFLECTION& REFRACTION. (Optometric optics)satyanshp7890
 
Kochi Mulesoft Meetup # 17 - RTF on OpenShift Deployment Model
Kochi Mulesoft Meetup # 17 - RTF on OpenShift Deployment ModelKochi Mulesoft Meetup # 17 - RTF on OpenShift Deployment Model
Kochi Mulesoft Meetup # 17 - RTF on OpenShift Deployment Modelsandeepmenon62
 
Practical Research 1: Qualitative Research and Its Importance in Daily Life.pptx
Practical Research 1: Qualitative Research and Its Importance in Daily Life.pptxPractical Research 1: Qualitative Research and Its Importance in Daily Life.pptx
Practical Research 1: Qualitative Research and Its Importance in Daily Life.pptxKatherine Villaluna
 
Bayesian Analysis Fundamentals with Examples
Bayesian Analysis Fundamentals with ExamplesBayesian Analysis Fundamentals with Examples
Bayesian Analysis Fundamentals with ExamplesTushar Tank
 
Website Fixer-Upper Series to Boost your Online Presence
Website Fixer-Upper Series to Boost your Online PresenceWebsite Fixer-Upper Series to Boost your Online Presence
Website Fixer-Upper Series to Boost your Online PresenceSamantha Russell
 
Dr. NN Chavan Keynote address on ADNEXAL MASS- APPROACH TO MANAGEMENT in the...
Dr. NN Chavan Keynote address on ADNEXAL MASS-  APPROACH TO MANAGEMENT in the...Dr. NN Chavan Keynote address on ADNEXAL MASS-  APPROACH TO MANAGEMENT in the...
Dr. NN Chavan Keynote address on ADNEXAL MASS- APPROACH TO MANAGEMENT in the...Niranjan Chavan
 
2023 MAP Data Analysis - St. Louis Region
2023 MAP Data Analysis - St. Louis Region2023 MAP Data Analysis - St. Louis Region
2023 MAP Data Analysis - St. Louis RegionThe Opportunity Trust
 

Recently uploaded (20)

Evaluation and management of patients with Dyspepsia.pptx
Evaluation and management of patients with Dyspepsia.pptxEvaluation and management of patients with Dyspepsia.pptx
Evaluation and management of patients with Dyspepsia.pptx
 
mean stack mean stack mean stack mean stack
mean stack mean stack  mean stack  mean stackmean stack mean stack  mean stack  mean stack
mean stack mean stack mean stack mean stack
 
LIPIDS UNIT ONE BIOMOLECULE PRESENTATION
LIPIDS UNIT ONE BIOMOLECULE PRESENTATIONLIPIDS UNIT ONE BIOMOLECULE PRESENTATION
LIPIDS UNIT ONE BIOMOLECULE PRESENTATION
 
Grantseeking Solo- Securing Awards with Limited Staff PDF.pdf
Grantseeking Solo- Securing Awards with Limited Staff  PDF.pdfGrantseeking Solo- Securing Awards with Limited Staff  PDF.pdf
Grantseeking Solo- Securing Awards with Limited Staff PDF.pdf
 
Detailed Presentation on Human Rights(1).pptx
Detailed Presentation on Human Rights(1).pptxDetailed Presentation on Human Rights(1).pptx
Detailed Presentation on Human Rights(1).pptx
 
BTKi in Treatment Of Chronic Lymphocytic Leukemia
BTKi in Treatment Of Chronic Lymphocytic LeukemiaBTKi in Treatment Of Chronic Lymphocytic Leukemia
BTKi in Treatment Of Chronic Lymphocytic Leukemia
 
Time-Honored Wisdom: African Teachings for VUCA Leaders
Time-Honored Wisdom: African Teachings for VUCA LeadersTime-Honored Wisdom: African Teachings for VUCA Leaders
Time-Honored Wisdom: African Teachings for VUCA Leaders
 
Uncovering Consumers’ Hidden Narratives
Uncovering Consumers’ Hidden NarrativesUncovering Consumers’ Hidden Narratives
Uncovering Consumers’ Hidden Narratives
 
50 ĐỀ THI THỬ TỐT NGHIỆP THPT TIẾNG ANH 2024 CÓ GIẢI CHI TIẾT - GIỚI HẠN KHO...
50 ĐỀ THI THỬ TỐT NGHIỆP THPT TIẾNG ANH 2024 CÓ GIẢI CHI TIẾT - GIỚI HẠN KHO...50 ĐỀ THI THỬ TỐT NGHIỆP THPT TIẾNG ANH 2024 CÓ GIẢI CHI TIẾT - GIỚI HẠN KHO...
50 ĐỀ THI THỬ TỐT NGHIỆP THPT TIẾNG ANH 2024 CÓ GIẢI CHI TIẾT - GIỚI HẠN KHO...
 
HOW TO DEVELOP A RESEARCH PROPOSAL (FOR RESEARCH SCHOLARS)
HOW TO DEVELOP A RESEARCH PROPOSAL (FOR RESEARCH SCHOLARS)HOW TO DEVELOP A RESEARCH PROPOSAL (FOR RESEARCH SCHOLARS)
HOW TO DEVELOP A RESEARCH PROPOSAL (FOR RESEARCH SCHOLARS)
 
Cardiovascular Pathophysiology- Hypertension
Cardiovascular Pathophysiology- HypertensionCardiovascular Pathophysiology- Hypertension
Cardiovascular Pathophysiology- Hypertension
 
Different types of animal Tissues DMLT .pptx
Different types of animal Tissues DMLT .pptxDifferent types of animal Tissues DMLT .pptx
Different types of animal Tissues DMLT .pptx
 
LIGHT,MIRROR,REFLECTION& REFRACTION. (Optometric optics)
LIGHT,MIRROR,REFLECTION& REFRACTION. (Optometric optics)LIGHT,MIRROR,REFLECTION& REFRACTION. (Optometric optics)
LIGHT,MIRROR,REFLECTION& REFRACTION. (Optometric optics)
 
Kochi Mulesoft Meetup # 17 - RTF on OpenShift Deployment Model
Kochi Mulesoft Meetup # 17 - RTF on OpenShift Deployment ModelKochi Mulesoft Meetup # 17 - RTF on OpenShift Deployment Model
Kochi Mulesoft Meetup # 17 - RTF on OpenShift Deployment Model
 
Practical Research 1: Qualitative Research and Its Importance in Daily Life.pptx
Practical Research 1: Qualitative Research and Its Importance in Daily Life.pptxPractical Research 1: Qualitative Research and Its Importance in Daily Life.pptx
Practical Research 1: Qualitative Research and Its Importance in Daily Life.pptx
 
Bayesian Analysis Fundamentals with Examples
Bayesian Analysis Fundamentals with ExamplesBayesian Analysis Fundamentals with Examples
Bayesian Analysis Fundamentals with Examples
 
Website Fixer-Upper Series to Boost your Online Presence
Website Fixer-Upper Series to Boost your Online PresenceWebsite Fixer-Upper Series to Boost your Online Presence
Website Fixer-Upper Series to Boost your Online Presence
 
Caldecott Medal Book Winners and Media Used
Caldecott Medal Book Winners and Media UsedCaldecott Medal Book Winners and Media Used
Caldecott Medal Book Winners and Media Used
 
Dr. NN Chavan Keynote address on ADNEXAL MASS- APPROACH TO MANAGEMENT in the...
Dr. NN Chavan Keynote address on ADNEXAL MASS-  APPROACH TO MANAGEMENT in the...Dr. NN Chavan Keynote address on ADNEXAL MASS-  APPROACH TO MANAGEMENT in the...
Dr. NN Chavan Keynote address on ADNEXAL MASS- APPROACH TO MANAGEMENT in the...
 
2023 MAP Data Analysis - St. Louis Region
2023 MAP Data Analysis - St. Louis Region2023 MAP Data Analysis - St. Louis Region
2023 MAP Data Analysis - St. Louis Region
 

You would like to buy a new car in five.docx

  • 1. You would like to buy a new car in five You would like to buy a new car in five years for cash. The price of the car today is $56,000 and you expect that the price will increase by 6% per year. You plan to save for this car starting today with a deposit in your savings account, which currently has a balance of $1,800 and earns 4% compounded annually.You know that you will be receiving an inheritance of $3,500 three years from today, which you will deposit in your savings account for the car. If you make a deposit every month for the next five years beginning one month from today, how much will the deposit have to be in order for you to be able to pay cash for the car?Tasks:Analyze the differences in the value of the car today and the value of the car in 3 years. Why will this value change?Evaluate the amount of money you will have saved and the amount needed to purchase the car. Are they the same?Justify it would be financially smarter to purchase the car today and pay a 5% interest rate, or wait and purchase the car in 5 years.