Future Value With Annual Inflation
A car is currently valued at $28,000. If car prices increase at an annual rate of 12%, how much will the car cost after 3 years?
A
$32,765.18
B
$39,337.98
C
$43,256.74
D
$37,187.65
A car is currently valued at $28,000. If car prices increase at an annual rate of 12%, how much will the car cost after 3 years?
$32,765.18
$39,337.98
$43,256.74
$37,187.65