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3 years ago

11

] You are scheduled to receive $20,000 in two years. When you receive it, you will invest it for six more years at 8.4 percent p

er year. How much will you have in eight years?

1 answer:

Alex Ar [27]3 years ago

6 0

Answer:

32449.3

Step-by-step explanation:

use the formula A = P(1+r / 100)^t

20000 × (1+ (8.4 / 100))^6

=32449.3

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From the question we are told that

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