The future value of the account established by the wealthy uncle will be $3,943.86 after 23 years at the two interest rates.
<h3>What is future value?</h3>
The future value of an amount is the value obtained in the future after compounding at an interest rate.
The future values after years 9 and 23 can be determined using an online finance calculator as follows:
<h3>Future Value of $2,100 after 9 years:</h3>
N (# of periods) = 9 years
I/Y (Interest per year) = 4%
PV (Present Value) = $2,100
PMT (Periodic Payment) = $0
<u>Results:</u>
FV = $2,988.95
Total Interest $888.95
<h3>Future Value of $2,988.95 after 14 years:</h3>
N (# of periods) 14 (23 - 9)
I/Y (Interest per year) = 2%
PV (Present Value) = $2,988.95
PMT (Periodic Payment) = $0
<u>Results:</u>
FV = $3,943.86
Total Interest $954.91
Thus, the future value of the account established by the wealthy uncle will be $3,943.86 after 23 years at the two interest rates.
Learn more about future values at brainly.com/question/24703884
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