Question: 1. You plan to purchase a vehicle five years from now, and the price of the vehicle at that time is estimated to be $30,000.

1. You plan to purchase a vehicle five years from now, and the price of the vehicle at that time is estimated to be $30,000. Currently, you have $25,000 available for investment. How much of an expected return per year is required such that you will be able to purchase the vehicle five years from now? Show your work. (Please do original solution and not copy pre-existed)

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