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Problem 9-5 (Algo) Future value [LO9-2] If you invest $18,000 today, how much will you have in each of the following instances? Use Appendix A
Problem 9-5 (Algo) Future value [LO9-2] If you invest $18,000 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 7 years at 9 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Future value b. In 19 years at 8 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Future value c. In 20 years at 8 percent? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Future value
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