6. The car of your dreams costs P 2000000 today. You have found a way to earn 15% tax free on an automatic purchase account. If you expect the cost of your dream car to increase by 10% per year, how much would you need to deposit in the automatic purchase account to provide for the purchase of the car 5 years from now? A. P 1601416 B. P 2497789 C. P 4022714 D. P 994353

6. The car of your dreams costs P 2000000 today. You have found a way to earn 15% tax free on an automatic purchase account. If you expect the cost of your dream car to increase by 10% per year, how much would you need to deposit in the automatic purchase account to provide for the purchase of the car 5 years from now? A. P 1601416 B. P 2497789 C. P 4022714 D. P 994353

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Installing a solar panel system on your roof comes with a total upfront cost of $18,000 after all tax credits. If the solar panels reduce your utility bill by $1000 per year, what is the Payback Period of installing the solar panel system? Round to one decimal place. Numeric Answer:
You hope to buy your dream car four years from now. Today, that car costs $54,500. You expect the price to increase by an average of 3.1 percent per year over the next four years. How much will your dream car cost by the time you are ready to buy it? A. $58,340.00 B. $58,666.67 C. $61,578.79 D. $61,818.02 E. $61,023.16 please type out all of your work
Mr. Alex Murphy wants to buy a car in 10 years and he wants to deposit 6000 BDT each month for 5 years. The car price is 756000BDT. What rate will meet his desire to buy the car?
A. If i buy a car from a dealership for $27000 with 2.5% paying monthly for a total of 3 years how much will i owe? B. If i buy a car from the dealership with 2% APR for 60 months with sticker price of $30,000 how much will i owe? C. If i buy the car for 10,000 with 10% interest for 6 years how much would it cost. Which option is better?
You want to save P85,000 for future family vacation (three years from now). If the bank pays 8.5% compounded monthly, how much will you need to initially invest to reach your vacation goal? A. P19,072.86 B. P45,927.14 C. P65,927.14 D. P87,340.16
can you solve this? thank you...
A Toyota car made in Japan by Toyota Motors costs P2M today. If you buy now you can earn 12% tax free on an auto purchase account. If the cost of the car will increase by 10% per year, how much amount that you would need to deposit in the account to provide to the purchase of the car five years from now? please also draw the cash flow the diagram and do not use the table method
You expect to save $450 at the end of each month for the next four years towards a car. Your parents will give you $3,000 today for you to save towards the car. How much will you have in four years, if you can earn 6.25% per year on your savings towards the car? $20,618 $28,317 $5,799 $26,455
Dog You are ready for buying your new car. After the downpayment, you need to pay $490 a month for five years term. If quoted auto loan rate is 6.5% APR compounded monthly, how much auto loan can you borrow for your new car purchase?
4. Suppose you want to buy a car that costs $27000 with a loan at 3.875% APR and you want your payment to be below $290. How many years do you need to finance the car? ______ years show work.
You have decided to purchase a new car. The car costs $27,500. The dealer is offering to finance the car for 6 years at a rate 8.75%. How much would your monthly payment be? Question 3 options: $492 $495 $504 $518 $511
You open a new business and need a new laptop computer. You decide on a Knox Computer Solutions for $1499 due to the business software that is included. If the sales tax is 4.25% of the purchase price and you finance the total cost, including sales tax, for 3 years at the annual interest rate of 8.4%, find the monthly payment amount.

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