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You are scheduled to receive $19,000 in two years. When you receive it, you will invest it for six more years at 9.5 percent per year. How much will you have in eight years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Amount
You expect to receive $40,000 at graduation in two years. You plan on investing it at 9 percent until you have $175,000. How long will you wait from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Period years years
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