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If you invest $13,500 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate
If you invest $13,500 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 11 years at 9 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. b. In 19 years at 8 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. c. In 18 years at 8 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. d. In 9 years at 8 percent (compounded semiannually)? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Future value of $1,FVIF FV=PV(1+i)n
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