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Please Solve Letter D If you invest $16,750 today, how much will you have in each of the following instances? Use Appendix A as an
Please Solve Letter D
If you invest $16,750 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 13 years at 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete and correct. Future value is 57.825.54 b. In 17 years at 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete and correct. Future value 15 72,487 86 c. In 18 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete and correct. Future value 5 66,933 33 d. In 15 years at 14 percent (compounded semiannually (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 3 Answer is complete but not entirely correct. Future value 15 112.422.46Step by Step Solution
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