Question: Problem 9 - 5 ( Algo ) Future value [ LO 9 - 2 ] If you invest $ 1 3 , 0 0 0

Problem 9-5(Algo) Future value [LO9-2]
If you invest $13,000 today, how much will you have in each of the following instances? Use Appendix A as an approximate answer, but
calculate your final answer using the formula and financial calculator methods.
a. In 9 years at 8 percent?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
Answer is complete and correct.
b. In 18 years at 11 percent?
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.
Answer is complete but not entirely correct.
 Problem 9-5(Algo) Future value [LO9-2] If you invest $13,000 today, how

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