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You invest a single amount of $15,100 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest
You invest a single amount of $15,100 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for 13 years at 16 percent. How much will you have after 20 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Future value
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