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Anthony Walker plans to invest $28,400 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 9.8 percent. How much money…

Anthony Walker plans to invest $28,400 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 9.8 percent. How much money…
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Anthony Walker plans to invest $28,400 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 9.8 percent. How much money will Anthony have at the end of seven years

asked
User Deng
by
8.6k points

1 Answer

3 votes

Answer:

267,785.95

Step-by-step explanation:

28400 X (1.098)^7 = 267,785.95

answered
User I See Voices
by
8.3k points
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