Question
Problem 9-8 (calculator table) You invest a single amount of $14,000 for 6 years at 15 percent. At the end of 6 years you take
Problem 9-8 (calculator table)
You invest a single amount of $14,000 for 6 years at 15 percent. At the end of 6 years you take the proceeds and invest them for 17 years at 15 percent.
How much will you have after 23 years?(Do not round intermediate calculations. Use a Financial calculator to arrive at the answer.Round the final answer to the nearest whole dollar.)
Future value
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
