Robert has inherited some money from his great-grandfather. He will get $5,533.00 when he graduates college (at
Fantastic news! We've Found the answer you've been seeking!
Question:
Robert has inherited some money from his great-grandfather. He will get $5,533.00 when he graduates college (at age 22) and an additional $13,597.00 at the age of 25. He is currently 20 years old. Robert will invest each cash flow in an account that pays 6.00% APR.
What will be the future value of this account if he keeps it invested until he turns 30?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
Posted Date: