You invest a single amount of 15100 for 7 years at 15, Financial Management

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You invest a single amount of 15100 for 7 years at 15

You invest a single amount of $15,100 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for 13 years at 16 percent.

How much will you have after 20 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Future Value?

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Financial Management: You invest a single amount of 15100 for 7 years at 15

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Financial Management: You invest a single amount of 15100 for 7 years at 15

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