You will receive $8,800 in two years when you graduate. You plan to invest this at an annual interest rate of 7% How much money will you have 10 years from now? $5,121.68 b. $15,120.04 $17,310.93 -d. $15,500 04

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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16. You will receive $8,800 in two years when you graduate. You plan to invest this at an annual
interest rate of 7%. How much money will you have 10 years from now?
a
$5,121.68
b. $15,120.04
$17,310.93
-d. $15,500.04
Transcribed Image Text:16. You will receive $8,800 in two years when you graduate. You plan to invest this at an annual interest rate of 7%. How much money will you have 10 years from now? a $5,121.68 b. $15,120.04 $17,310.93 -d. $15,500.04
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