You are scheduled to receive $20,000 in two years. When you receive it, you will invest it

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You are scheduled to receive $20,000 in two years. When you receive it, you will invest it for six more years at 7.3 percent per year. How much will you have in eight years?



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Fundamentals of Corporate Finance

ISBN: 978-0077861704

11th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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