Dusty would like to buy a new car in six years. He currently has $13,500 saved. He's considering buying a car for around $17,500 but would like to add a Turbo engine to increase the car's performance. This would increase the price of the car to $21,500. If dusty can earn 9% interest compounded anually will he be able to get a car with a turbo engine in six years?

Question

Business

Georgia Olson

9 July, 08:44

Dusty would like to buy a new car in six years. He currently has $13,500 saved. He's considering buying a car for around $17,500 but would like to add a Turbo engine to increase the car's performance. This would increase the price of the car to $21,500. If dusty can earn 9% interest compounded anually will he be able to get a car with a turbo engine in six years?

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Answers (1)

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Giovanni Cummings · Answer 1

yes he will

Explanation:

with a compund intrest of 9 percent and he didnt put in any money after the 13,500 he will have $22,640.85 in 6 years, so now he can go buy his car and also buy a new exhaust system