Carl and Cassia need to replace a delivery van in 3 years. The cost of...
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Accounting
Carl and Cassia need to replace a delivery van in 3 years. The cost of delivery vans is $23,000 today, and is expected to grow 5% a year over the next 3 years. If Carl and Cassia have saved $4,500 towards the van already, how much per month do Carl and Cassia need to save, if they think they can earn 7% per year on their savings, to pay for the new van 3 years from now?
| $528 | ||
| $805 | ||
| $185 | ||
| $178 | ||
| $223 |
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