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Dusty would like to buy a new car in six years. He currently has $15,000 saved. He's considering buying a car for around $19,000 but would like to...
Dusty would like to buy a new car in six years. He currently has $15,000 saved. He's considering buying a car for around $19,000 but would like to add a Turbo engine to increase the car's performance. This would increase the price of the car to $23,000.
1-a. If Dusty can earn 9% interest, compounded annually, how much will he have in six years? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided. Round your answer to 2 decimal places.)