Question: I need help explaining the correct answers to these questions. If you invest $18,500 today, how much will you have in each ofthe following instances?

I need help explaining the correct answers to these questions.

If you invest $18,500 today, how much will you have in each ofthe following instances? Use Appendix A as an approximate answer, but calculate your final answer using the formula and nancial calculator methods. a. In 9 years at 'IO percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. In 17 years at 'IO percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) c. In 18 years at 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) d. In 20 years at 10 percent (compounded semiannually)? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Your uncle offers you a choice of $102,000 in 10 years or $38,000 today. Use Agpendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods a-1. If money is discounted at 9 percent, what is the present value of the $102,000? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 3-2. Which offer should you choose? 0 $102,000 after 10 years 0 $38,000 today

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