Your parents agree to pay half of the purchase price of a new car when you graduate
Fantastic news! We've Found the answer you've been seeking!
Question:
Your parents agree to pay half of the purchase price of a new car when you graduate from college. You will graduate and buy the car two years from now. You have $6,000 to invest today and can earn 10% on invested funds. If your parents match the amount of money you have in two years, what is the maximum you can spend on the new car?
Posted Date: