Question: Can you help me solve this You would like to purchase an antique car in 5 years. The current price of such a car is

Can you help me solve this

You would like to purchase an antique car in 5 years. The current price of such a car is $80,000 but the price of these types of cars is rising at a rate of How much would you have to invest today in nominal terms to exactly pay for the antique car if your investments earn 6% APR (compounded annually) in nominal terms? 5% per year. $79,044 $59.781 $76,297 $102,103

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