Math question Help Needed

User Generated

Ryyrel

Business Finance

Question Description

Today you invested $47,600 in a investment that pays 5% and will mature in 7 years. Once the investment matures, you will reinvest your funds for another 7 years in another investment that pays 4%. What will be the value of your investment after 14 years?

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zngurkcreg121 (697)
UT Austin

Anonymous
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