Solution-How much do you need to put aside today

How much do you need to put aside today

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Question - Tesla's Model 3 is currently priced at $35,000. The price is expected to rise by 3% a year. If your local bank offers 10% interest on your deposit, how much do you need to put aside today to buy the car 5 years (n=5) from now?

Reference no: EM133071970

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How much do you need to put aside today : If your local bank offers 10% interest on your deposit, how much do you need to put aside today to buy the car 5 years (n=5) from now

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How much do you need to put aside today

Reference no: EM133071970

Reference no: EM133071970

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