If you invest $8,600 per period for the following number of periods, how much would you have
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Question:
If you invest $8,600 per period for the following number of periods, how much would you have in each of the following instances? UseAppendix Cfor an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a.In 13 years at 6 percent?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)
b.In 30 years at 12 percent?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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