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Problem 9 - 5 ( Algo ) Future value [ LO 9 - 2 ] If you Invest $ 1 6 , 5 0 0

Problem 9-5(Algo) Future value [LO9-2]
If you Invest $16,500 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 financlal calculator methods.
a. In 12 years at 11 percent?
Note: Do not round Intermedlate calculatlons. Round your final answer to 2 decimal places.
Future value
b. In 15 years at 8 percent?
Note: Do not round Intermedlate calculatlons. Round your final answer to 2 decimal places.
Future value
c. In 25 years at 6 percent?
Note: Do not round Intermedlate calculations. Round your final answer to 2 decimal places.
Future value
d. In 20 years at 6 percent (compounded semlannually)?
Note: Do not round Intermedlate calculatlons. Round your final answer to 2 decimal places.
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