Question
Matthew Young plans to invest $24,900 a year at the end of each year for the next seven years in an investment that will pay
Matthew Young plans to invest $24,900 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 10.20 percent. How much money will Matthew have at the end of seven years? (Round factor values to 4 decimal places, 1.2514, and final answer to 2 decimal places, eg15.25 )
Future value of investment $
Matthew Young plans to invest $22,300 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 8.10 percent. How much money will Matthew have at the end of seven years? (Round factor values to 4 decimal places, 1.2514, and final answer to 2 decimal places, eg15.25 )
Future value of investment $
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