You are scheduled to receive 14500 in three years when you


You are scheduled to receive $14,500 in three years. When you receive it, you will invest it for nine more years at 9.75 percent per year.

How much will you have in twelve years? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

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Financial Management: You are scheduled to receive 14500 in three years when you
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