Sunday, 29 September 2019

Your rich uncle promised to give you $20,000 in two years if you graduate from Cal Poly by then. After Your rich uncle promised to give you $20,000 in two years if you graduate from Cal Poly by then. After

Your rich uncle promised to give you $20,000 in two years if you graduate from Cal Poly by then. After taking enough FRL3000 lectures you know that a wise thing to do would be to invest such a large amount of money and let it grow. And so your plan is to invest it for six more years at an annual rate of 6.8 percent. This way, eight years from today you will have: (Do not round intermediate calculations and round your answer to 2 decimal places. E.g., type 32.16 if your answer is "32 dollars and 16 cents".)
 
Future Value:

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