If you invest $15,000 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. In 6 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)        b. In 17 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)        c. In 15 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)        d. In 14 years at 8 percent (compounded semiannually)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 7CE
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If you invest $15,000 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and financial calculator methods.


a. In 6 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  

 


 

b. In 17 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  

 


 

c. In 15 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  

 


 

d. In 14 years at 8 percent (compounded semiannually)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
  

 
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