Question: Problem 9 - 1 1 ( Algo ) Future value [ LO 9 - 2 ] If you Invest $ 9 , 4 0 0

Problem 9-11(Algo) Future value [LO9-2]
If you Invest $9,400 per perlod for the following number of periods, how much would you have in each of the following instances? Use Appendix Cf for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a. In 12 years at 9 percent?
Note: Do not round intermedlat calculations. Round your final answer to 2 decimal places.
Future value
b. In 25 years at 9 percent?
Note: Do not round intermedlate calculations. Round your final answer to 2 decimal places.
Future value
 Problem 9-11(Algo) Future value [LO9-2] If you Invest $9,400 per perlod

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!