b.If you invest $8,500 per period for the following number of periods, how much would you...

  

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b.If you invest $8,500 per period for the following number of periods, how much would you have in 12 years at 10 percent. c. How much would you have to invest today to receive $20,000 in 12 years at 13 percent? 20. Your aunt offers you a choice of $20,100 in 20 years or $870 today. If money is discounted at 17 percent, which should you choose and explain why? b.If you invest $8,500 per period for the following number of periods, how much would you have in 12 years at 10 percent. c. How much would you have to invest today to receive $20,000 in 12 years at 13 percent? 20. Your aunt offers you a choice of $20,100 in 20 years or $870 today. If money is discounted at 17 percent, which should you choose and explain why?

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b To calculate the future value of an investment we can use the formula for the future value of an o... View the full answer