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 8.4 percent per year. How much will you have in eight years?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Dec 16, 2016 01:44 PM

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

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Fundamentals of corporate finance

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