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There are two investment options available for you. The first option requires you to invest 5,000$ in 1 year with 7% interest rate and collect
There are two investment options available for you. The first option requires you to invest 5,000$ in 1 year with 7% interest rate and collect your return in year 27. Second option requires you to put 500$ today with 11% interest rate and collect the fund in year 65. What is the compounding effect combination of these two investments?
Select one:
a.490,510
b.410,795
c.470,570
d.465,070
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