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You have $16, 250 you want to invest for the next 30 years. You are offered an investment plan that will pay you 7 percent
You have $16, 250 you want to invest for the next 30 years. You are offered an investment plan that will pay you 7 percent per year for the next 15 years and 11 percent per year for the last 15 years. How much will you have at the end of the 30 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Account value $ If the investment plan pays you 11 percent per year for the first 15 years and 7 percent per year for the next 15 years, how much will you have at the end of the 30 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Account value
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