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You have $15,000 that you would like to invest for the next 28 years. Your other option is to invest the money at 7.00% interest,
You have $15,000 that you would like to invest for the next 28 years. Your other option is to invest the money at 7.00% interest, compounded annually. How much money will you have at the end of the 28 years? (Round your answer to the nearest hundredth; two decimal places. Also, if your answer is an even number, enter it with two decimal places; e.g., 34.00)
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