You are scheduled to receive $44,000 in two years. When you receive it, you will invest it for 7 more years at 6.5 percent per year. How much will you have in 9 years.
You are scheduled to receive $44,000 in two years. When you receive it, you will invest it for 7 more years at 6.5 percent per year. How much will you have in 9 years.
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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You are scheduled to receive $44,000 in two years. When you receive it, you will invest it for 7 more years at 6.5 percent per year. How much will you have in 9 years.
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