Financial management homework questions

Financial management homework questions




You are scheduled to receive $29,000 in two years. When you receive it, you will invest it for 5 more years at 7.0 percent per year. How much will you have in 7 years?





You expect to receive $6,000 at graduation in two years. You plan on investing it at 10 percent until you have $100,000. How long will you wait from now?





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