Cost is expected to increase four percent annually

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?(Compounding using a calculator?) Bart? Simpson, age 10 ?, wants to be able to buy a really cool new car when he turns 18 . His really cool car costs ?$19,000 ?today, and its cost is expected to increase 4 percent annually. Bart wants to make one deposit today? (he can sell his? mint-condition original Nuclear Boy comic? book) into an account paying 6.60 percent annually in order to buy his car in 8 years. How much will? Bart's car? cost, and how much does Bart have to save today in order to buy this car at age 18 ??

Reference no: EM131307874

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Cost is expected to increase four percent annually : Bart? Simpson, age 10 ?, wants to be able to buy a really cool new car when he turns 18 . His really cool car costs ?$19,000 ?today, and its cost is expected to increase 4 percent annually. How much will? Bart's car? cost, and how much does Bart have..

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