Question
You are scheduled to receive $18,500 in three years. When you receive it, you will invest it for nine more years at 9.25 percent per
You are scheduled to receive $18,500 in three years. When you receive it, you will invest it for nine more years at 9.25 percent per year.
How much will you have in twelve years?(Do not round intermediate calculations.Round your answer to 2 decimal places, e.g., 32.16.)
Amount$
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
