Financial planning you wish to purchase new car

Assignment Help Financial Management

Reference no: EM13919506

As part of your financial planning you wish to purchase q new car exactly 7 years from today . The car you wish to purchase costs 14000 today and your research indicates that it's price will increase by 3% to 6% per year over the next 7 years. Round to nearest cent

1) the price of the car at the end of 7 years of inflation is 3% per year is ....

2) the price of the car at the end of 7 years of inflation is 6% per year is...

3) at the higher rate of inflation the car is more expensive by....( round to nearest cent)

4) the price of the car at the end of 7 years if inflation is 3% for the next 3 years and 6% for 4 years after that is..

Reference no: EM13919506

Questions Cloud

Financial analysis comparison : ?Financial Analysis Comparison - I need to receive information on both companies - Data Requested The Coca-Cola Company.

The present value of an ordinary annuity : Calculate the present value of an investment given the following information: (a) Years: 10, (b) Rate: 9%, and (c) Future Value: $26,000.

How does his thinking make a difference in today environment : Select an individual who you believe to be a creative thinker using reading or independent research. What makes him a creative thinker? How does his thinking make a difference in today's environment?

What is the amount of interest receivable as of december : Leach Company invested $80,000 in a certificate of deposit on June 1, 2013. The certificate had a 6 percent annual rate of interest and a one year term to maturity.

Financial planning you wish to purchase new car : As part of your financial planning you wish to purchase q new car exactly 7 years from today . The car you wish to purchase costs 14000 today and your research indicates that it's price will increase by 3% to 6% per year over the next 7 years.

Discuss the certificate of need program for your state : Your state's health planning and development agency Department of Health and Human Services Clinical Laboratory Improvement Amendments and other agencies as applicable to facility planning Discuss the Certificate of Need (CON) program for your sta..

Explain how group cohesiveness influences productivity : Explain how group cohesiveness influences productivity and Identify characteristics of emergent leaders in an informal group

Percent annual coupon bonds of the abc co : If the market value of debt is $155,527, market value of preferred stock is $78,829, and market value of common equity is 312,100, what is the weight of preferred stock? ?Enter your answer in percentages rounded off to two decimal points. Do not e..

Disregard tax shield from amortization of flotation costs : Suppose a company will issue new 25-year debt with a par value of $1,000 and a coupon rate of 8%, paid annually. The tax rate is 40%. If the flotation cost is 3% of the issue proceeds, then what is the after-tax cost of debt? Disregard the tax shield..

User Account

All Pages