Business, 19.10.2021 14:00 Matildagann

you want to buy an audi q3 on your 27th birthday. you have priced these cars and found that they currently sell for $34,900. you believe that the price will increase by 4% per year until you are ready to buy. you can presently invest to earn 7% annually. if you have just turned 20 years old, how much must you invest per year to be able to purchase the car in cash in 7 years?

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