Question
Today you invested $20,300 in an investment that pays 7% and will mature in 7 years. Once the investment matures, you will reinvest your funds
Today you invested $20,300 in an investment that pays 7% and will mature in 7 years. Once the investment matures, you will reinvest your funds for another 6 years in another investment that pays 2%. What will be the value of your investment after 13 years? (Choose the best response). *Show work please! Thank you!*
A. $36,408.29 B. $55,091.70 C. $36,709.92 D. $55,458,46 E. None of the other answers
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The Handbook Of Financial Modeling
Authors: Jack Avon
1st Edition
1430262052, 978-1430262053
