Business: Dusty would like to buy a new car in six years. he currently has $15,000 saved. he’s considering buying a car for around $19,000 but would like to add a turbo engine to increase the car’s performance. this would increase the price of the car to $23,000. 1-a. if dusty can earn 9% interest, compounded annually, how much will he have in six years? (fv of $1, pv of $1, fva of $1, and pva of $1)(use appropriate factor(s) from the tables provided. round your answer to 2 decimal places.)

C. maintain physical protections in work areas...

Dusty would like to buy a new car in six years. he

mia7955

10.01.2022

FV= $25,156.50

Explanation:

Giving the following information:

Dusty would like to buy a new car in six years. He currently has $15,000 saved.

If Dusty can earn 9% interest, compounded annually, how much will he have in six years?

We need to use the following formula:

FV= PV*(1+i)^n

FV= 15,000*(1.09^6)= $25,156.50

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