Question: Instructions Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values,

Instructions

Complete the following problems using either a financial calculator or a spreadsheet program. Do not use interim rounding, state your answers as positive values, to two decimal places for dollar and period values and four places for percentages stated as decimals; do not label answers with symbols such as $ or %. For example, 10.5% should be input as .1050.

Druscilla Lopez just received $10,755 and plans to invest it for 8 years. The interest rate paid on an 8 year risk-free investment is 0.1. The amount Druscilla expects to have in 8 years is:

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