Today you invested $24,900 in an investment that pays 2% and will mature in 5 years. Once

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Today you invested $24,900 in an investment that pays 2% and will mature in 5 years. Once the investment matures, you will reinvest your funds for another 8 years in another investment that pays 9%.

What will be the value of your investment after 13 years?

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Apr 27, 2023 06:27 AM

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Today you invested $24,900 in an investment that pays 2% and will mature in 5 years. Once

Question:

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We can use the compound interest formula to calculate the future val... View the full answer

Personal Finance

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