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Question 45 (6 points) You have $8,000 you want to invest for the next 45 years. You are offered an investment plan that will pay
Question 45 (6 points) You have $8,000 you want to invest for the next 45 years. You are offered an investment plan that will pay you 6 percent per year for the next 15 years and 10 percent per year for the last 30 years. Interest is compounded on an annual basis. How much money will you have at the end of the 45 years rounded to the nearest dollar? 1) Less than $100,000 2) Between $100,000 and $200,000 3) Between $200,001 and $300,000 4) Greater than $300,000
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