Question: MC algo 5 - 6 Calculating Future Values Today, your dream car costs $ 6 1 , 1 0 0 . You feel that the

MC algo 5-6 Calculating Future Values
Today, your dream car costs $61,100. You feel that the price of the car will increase at an annual rate 2.1 percent. If you plan to wait 5 years to buy the car, how much will it cost at that time? (Assume annual compounding.)
Multiple Choice
$68,294.35
$69,466.92
$66,396.35
$67,790.67
MC algo 5 - 6 Calculating Future Values Today,

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