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Part D (2 marks) You have $10,000 to invest for the next 30 years for your retirement. You are offered an investment plan that will
Part D (2 marks) You have $10,000 to invest for the next 30 years for your retirement. You are offered an investment plan that will pay you 5% per year for the next 20 years and 10% for the last 10 years. How much will you end up with in 30 years time? Does it matter if the investment plan pays you 10% for the first 20 years and 5% for the next 10 years? Why or why not?
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