How much will you have after tweenty years

Assignment Help Financial Management

Reference no: EM131936783

You invest a single amount of $15,100 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for 13 years at 16 percent.

How much will you have after 20 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future Value?

Reference no: EM131936783

Questions Cloud

Describe in brief what is mean by the context of a thread : Describe in brief what is mean by the context of a thread, and what are the typical operations involved in switching between threads.

What is your compounded annual rate of return : You invested $50,000, and 10 years later the value of your investment has grown to $185,361.07.

Discuss in brief the basic trade-off in processor design : Discuss in brief basic trade-off in processor design between exploiting instruction level parallelism in single executing thread and providing hardware support.

What caused the late devonian : What caused the Late Devonian, End-Permian, End-Triassic, and End-Cretaceous extinction? Also what major species groups went extinct in each period?

How much will you have after tweenty years : You invest a single amount of $15,100 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for 13 years at 16 percent.

Post-synaptic membrane of the muscle cells : What is the name of the receptors located on the post-synaptic membrane of the muscle cells?

How a two-bit selector may be used per branch : Discuss in brief the difference between local and global branch prediction strategies, and how a two-bit selector may be used per branch to select between two.

At what annual interest rate was the money invested : At what annual interest rate was the money invested, assuming the interest was compounded annually?

Calculate the statistic t to be the median of the sample : MATH 4931: SIMULATION AND THE MONTE CARLO METHOD ASSIGNMENT - Draw a sample of size n = 25 from the Uniform[0, 1] distribution and calculate the statistic

User Account

All Pages