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How much will cost at that time

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Problem 1: Today, your dream car costs $61,100. You feel that the price of the car will increase at an annual rate 2.1 percent. If you plan to wait 5 years to buy the car, how much will it cost at that time?

Multiple Choice

Option 1: $68,294.35

Option 2: $66,396.35

Option 3: $67,790.67

Option 4: $69,214.27

Option 5: $69,466.92

Reference no: EM132945338

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