Answer: FV= $ 36,594.88

Working notes for the above answer is as under

We have been provided in the question that,

$28000 to be received in two years. you will invest it for 5 more years at 5.5 percent per year.

So at the end of 7 year you have the amount, as follow

FV = C2 x (1+r)n

Here,

Fv= Future value

C2 = Cash flow on two year

r = interest rate

n= number of year

FV =28,000 x (1+055)5

FV =28000 x (1.055)5

FV= $ 36,594.88