How much will you have in 11 years ?? General accounting You are scheduled to receive $43,000 in two years. When youreceive it, you will invest it for 9 more years at 5.5 percent peryear.How much will you have in 11 years?

To find out how much you will have in 11 years, we calculate the future value of the $43,000 after…

Answered: You are scheduled to receive $43,000 in…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 16P

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You are scheduled to receive $43,000 in two years. When you receive it, you will invest it for 9 more years at 5.5 percent per year. How much will you have in 11 years?