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:
Future Value:
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