How much will you have to start graduate school

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Reference no: EM131070664

You are starting college this month, and your favorite aunt has agreed to give you $4,000 at the end of each of your four years and you can save $8,000 at the end of each year for the first two years after you graduate. If all of these amounts are invested at 14%, how much will you have to start graduate school, six years from now? (Round the final answer to the nearest dollar.) I GOT: 38160 but the possible answers are:

$42,167

$42,160

$42,702

$42,927

Reference no: EM131070664

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