Question

You are scheduled to receive $30,000 in two years. when you receive it, you will invest it for 5 more years, at 6 percent per year. how much money will you have 7 years from now?

Answer 1

30,000*0.06= 1,800

30,000/2= 15,000

15,000-1,800= 13,200

13,200*7= 92,400

15,000*7= 105,000

92,400+105,000= 197,400

I think the answer is 197,400. im not 100% sure tho. I hope this helps you.