If you invest $10,000 per period for the following number of periods, how much would you have
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Question:
If you invest $10,000 per period for the following number of periods, how much would you have in each of the following instances? Use Appendix C for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a. In 9 years at 10 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
b. In 50 years at 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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