In: Finance
George Robinson plans to invest $28,100 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 9.8 percent. How much money will George have at the end of seven years? (Round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)
Future value of investment |
Calculations-
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