a car worth $2,200,000. Tom currently has 6% money of the car price. and Tom has a net income of $90,000 per year. Tom will save 43% of his income every year to his savings. For Tom to buy the house he needs 11% of the total car cost. Car prices are increasing every year, for his car, each year it will increase 12% but not just that his income also increase 5% per year. At the end of this year Tom will have 6% money of the car price, the car will be 2,200,000 and his income will be $90,000.

How many years will it take for Tom to save a deposit of 11% to buy his car? (use while loop in matlab)

Answer rating: 100% (QA)

Manage the spinned words as you want because the rate of the auto could be very very h... View the full answer