Question
If you invest $9,000 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but calculate
If you invest $9,000 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 2 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
b. In 7 years at 12 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
c. In 25 years at 14 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
d. In 25 years at 14 percent (compounded semiannually)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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