Ask Question
10 September, 00:50

You are scheduled to receive $16,500 in three years. when you receive it, you will invest it for nine more years at 9.5 percent per year. how much will you have in twelve years?

+1
Answers (1)
  1. 10 September, 04:36
    0
    I'm am assuming the interest is compounded each year.

    amount after 12 years = 16,500 (1 + 0.95) ^9 = $37,343.16
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You are scheduled to receive $16,500 in three years. when you receive it, you will invest it for nine more years at 9.5 percent per year. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers