CH14.5.a Value of Investment. Floyd wants to invest the $17,000 he received from his grandfather's estate. He wants to use the money to finance his education when he pursues his doctorate in five years. What amount will he have in five years if he earns a 6 percent return?

CH14.5.b Value of Investment. From CH14.5.a, if he receives a 11 percent return?

CH14.5.c Value of Investment. From CH14.5.a, if he receives a 15 percent return?