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You have $25,000 you want to invest for the next fifty years. You are offered an investment plan that will pay you 4.0% per year
You have $25,000 you want to invest for the next fifty years. You are offered an investment plan that will pay you 4.0% per year for the next 25 years and 10.0% for the last 25 years. How much will you have in total at the end of 50 years? By the end of the 50 years your initial investment of $25,000 will have grown to a final total balance of $ (Round your answer to the nearest cent) (Your answer is probably going to be a long number. Be careful typing it in!)
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