Business, 04.08.2021 04:00 rajeeblagrove

You were given $16,000 by a relative with no strings attached. You decide to pursue 2 goals: (1) buy a motorbike today and (2) buy a used car for $12,000 when you graduate college in 4 years. Your interest rate is 2% compounded annually. How much can you spend on a motorbike today? a) $4,914
b) $4,899
c) $4,987
d) $4,832

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You were given $16,000 by a relative with no strings attached. You decide to pursue 2 goals: (1) buy...