# You intend to buy a car in 5 years, and you expect the price of the car

Fantastic news! We've Found the answer you've been seeking!

## Question:

You intend to buy a car in 5 years, and you expect the price of the car at that time to be $15000. How much to you need to deposit today into a bank account paying 10% per year if interest is calculated:

a. annually?

b. semi-annually (twice a year)?

c. quarterly (4 times a year)?

**Related Book For**