jacieemariejace5101 jacieemariejace5101

19-09-2018
Mathematics

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You are scheduled to receive $25,000 in two years. When you receive it, you will invest it for 6 more years at 7.9% per year. How much will you have in 8 years?

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ksgraham2017 ksgraham2017

30-09-2018

$25,000×7.9%=$1,975

$1,975×12= $197,500

$197,500 × 6 years = $1,18500.00

$197,500 × 8 years=$1,5800.00

answer is $1,5800.00

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