$28$:$47$

io$/$form

$28$:$47$

You will receive $$15,000$ in two years when you graduate. You plan to invest this at an annual interest rate of $6\mathrm{.}5$ percent, compounded annually. How much money will you have $8$ years from now?

$$24,824\mathrm{.}94$

$$19,381\mathrm{.}16$

$$21,887\mathrm{.}13$

$$23,209\mathrm{.}19$

$$20,414\mathrm{.}73$