Solved: Once the investment matures you will reinvest your funds, Business Economics

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Once the investment matures you will reinvest your funds

Today you invested ?$34,800 in an investment that pays 7?% and will mature in 8 years. Once the investment? matures, you will reinvest your funds for another 5 years in another investment that pays 9?%.

What will be the value of your investment after 13 ?years?

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Business Economics: Once the investment matures you will reinvest your funds

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Business Economics: Once the investment matures you will reinvest your funds

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