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You are scheduled to receive $38,000 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 $38,000 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?

Multiple Choice

  • $41,477.54

  • $54,039.82

  • $47,011.59

  • $49,485.88

  • $51,960.18

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