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A stockbroker claims an ability to consistently earn 11% per year on an investors money. A client invests $12,000 now, $35,000 three years from now,
A stockbroker claims an ability to consistently earn 11% per year on an investors money. A client invests $12,000 now, $35,000 three years from now, and $5000 per year for 5 years starting 4 years from now.
- [2.0 pt.] How much money can the client withdraw every year forever, beginning 10 years from now?
- [2.0 pt.] What is the current value of the clients investments if the $5000 per year is expected to continue for an unspecified time into the future?
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