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Question 18 (CHAPTER 5) Your favorite cousin promised to give you $6,000 in 2 years when you graduate from Cal Poly. After taking enough FRL3000
Question 18 (CHAPTER 5) Your favorite cousin promised to give you $6,000 in 2 years when you graduate from Cal Poly. After taking enough FRL3000 lectures you know that a wise thing to do would be to invest such a large amount of money and let it grow! And so your plan is to take the money that your cousin will give you then and invest at an annual rate of 5.3 percent. This way, your math shows that 7 years from today you will have: (Do NOT use "$" in your answer. Round your answer to TWO decimal places, for example, 1,000.23)
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