You invest a single amount of $15,100 for 7 years at 15 percent. At the end of 7 years you take the proceeds and invest them for 13 years at 16 percent.
How much will you have after 20 years? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
(Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Future Value?