Question
You have $18,250 you want to invest for the next 34 years. You are offered an investment plan that will pay you 7 percent per
You have $18,250 you want to invest for the next 34 years. You are offered an investment plan that will pay you 7 percent per year for the next 17 years and 11 percent per year for the last 17 years. How much will you have at the end of the 34 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 17 years and 7 percent per year for the next 17 years, how much will you have at the end of the 34 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Account value $
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