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These questions are based on the same principle but with different numbers. I need both of them answered please. Thank you! Conner invests $400 per
These questions are based on the same principle but with different numbers. I need both of them answered please. Thank you!
Conner invests $400 per month earning 11.0% (annual rate) for 20 years. After 20 years, he takes all the money from his account and invests it into a new fund that earns 12.5% annually. He does not add any more money to the account. The money grows for 15 more years. How much money does Conner have at the end of the 15 years? $2,026,208.63 $346,255.22 $1,971,318.55 $2,016,000.00 Ethan invests $300 per month earning 11.5% (annual rate) for 10 years. After 10 years, he takes all the money from his account and invests it into a new fund that earns 13.0% annually. He does not add any more money to the account. The money grows for 20 more years. How much money does Ethan have at the end of the 20 years? $67,020.97 $772,288.50 $2,016,000.00 $1,687,858.75Step by Step Solution
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