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You are scheduled to receive $37,000 in two years. When you receive it, you will invest it for 6 more years at 4.5 percent per

You are scheduled to receive $37,000 in two years. When you receive it, you will invest it for 6 more years at 4.5 percent per year. How much will you have in 8 years?

rev: 09_17_2012

Multiple Choice

$40,386.03
$45,774.44
$52,617.72
$50,592.81
$48,183.62

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