1) Travis invests $40,000 today into a retirement account. He plans on retiring in 40 years Travis anticipates earning 81 % per year , compounded annually , for the first 25 years and then 5.9 % per year , compounded annually for the last 15 years If he earns 8.1 % per year for the first 25 years and5.9 % for the last 15 years , how much money will he have n this account after 40 years?

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You are told that if you invest $50,00 today, you will have 600,000in 32 years, what is the interest rate assumption used in the calculation (Assume the interestis compounded annually)? Interest Rate 5) Alex invested S10,000 fiften years ago with an insurance company that has paid him 7 percent simple interest on his funds. Zane invested $10,00 fifteen years ago in a fund that has paid him 7 percent compound interest, compounded annually. How much more money does Zane have relative to Alex