You invest a single amount of $16,850 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for 14 years at 17 percent.

How much will you have after 21 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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