You have $19,250 you want to invest for the next 26 years. You are offered an investment plan that will pay you 7 percent per year for the next 13 years and 11 percent per year for the last 13 years.

Requirement 1:

How much will you have at the end of the 26 years?

Amount _______?

Requirement 2: If the investment plan pays you 11 percent per year for the first 13 years and 7 percent per year for the next 13 years, how much will you have at the end of the 26 years?

Amount _______?