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You have $12,500 you want to invest for the next 20 years. You are offered an investment plan that will pay you 7 percent per

You have $12,500 you want to invest for the next 20 years. You are offered an investment plan that will pay you 7 percent per year for the next 10 years and 9.5 percent per year for the last 10 years. How much will you have at the end of the 20 years?

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$151,018.51

$55,234.72

$60,938.11

$70,938.11

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