You have $18,500 you want to invest for the next 32 years You are offered an investment plan that will pay you 6 percent per year for the next 16 years and 10 percent per year for the last 16 years How much will you have at the end of the 32 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 10 percent per year for the first 16 years and 6 percent per year for the next 16 years, how much will you have at the end of the 32 years (Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 ) Account value $ You have $18, 500 you want to invest for the next 32 years you are offered an investment plan that will pay you 6 percent per year for the next 16 years and 10 percent per year for the last 16 years How much will you have at the end or the 32 years (Do not round intermediate calculations and round your answer to 2 decimal places e g , 32 18 ) Account value $ if the investment plan pays you 10 percent per year for the first 16 years and 6 percent per year for the next 16 years how much will you have at the end of the 32 years (Do not round Intermediate calculations and round your answer to 2 decimal places, e g 32 16 ) Account value $

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 28, 2024

You have $18,500 you want to invest for the next 32 years. You are offered an investment plan that will pay you 6 percent per

You have $18,500 you want to invest for the next 32 years. You are offered an investment plan that will pay you 6 percent per year for the next 16 years and 10 percent per year for the last 16 years. How much will you have at the end of the 32 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 10 percent per year for the first 16 years and 6 percent per year for the next 16 years, how much will you have at the end of the 32 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Account value $ image text in transcribed

You have $18, 500 you want to invest for the next 32 years. you are offered an investment plan that will pay you 6 percent per year for the next 16 years and 10 percent per year for the last 16 years. How much will you have at the end or the 32 years? (Do not round intermediate calculations and round your answer to 2 decimal places. e.g., 32.18.) Account value $ if the investment plan pays you 10 percent per year for the first 16 years and 6 percent per year for the next 16 years. how much will you have at the end of the 32 years? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) Account: value $