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 OMR9,000 to invest today and can earn 12% 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? Select one: O a. OMR19,250 O b.OMR15,000 O c. OMR22,579 O d.OMR 7,260 O e. OMR11,290

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A: Given information: Cost of vehicle is $10,000 APR is 2.5%, Number of years is 4

Q: a. How much money will your parents have at the end of four years to help you with graduate school,…

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Q: 2. Andy is planning to buy a car when he graduates from college 4 years from now. The estimated…

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Q: What rate will meet his desire to buy the car?

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Q: You expect to save $450 at the end of each month for the next four years towards a car. Your parents…

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Q: what is the highest price he can afford to pay for a car?

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