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You are scheduled to receive $30,000 two years from today. When you receive it, you will invest it for 5 more years, at 6 percent
You are scheduled to receive $30,000 two years from today. When you receive it, you will invest it for 5 more years, at 6 percent per year. How much money will you have 7 years from now?
A. | $38,909.19 | |
B. | $47,209.19 | |
C. | $39,381.16 | |
D. | $51,414.73 | |
E. | $40,146.77 |
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