Question: Problem 5 - 1 9 Calculating Future Values [ LO 1 ) 5 points eBook You are scheduled to receive $ 2 0 , 5

Problem 5-19 Calculating Future Values [LO1)
5
points
eBook
You are scheduled to receive $20,500 in three years. When you receive it, you will invest it for nine more years at 9 percent per year.
How much will you have in twelve years?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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