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You now have $30,000 you want to invest for the next thirty years. You are offered an investment plan from your financial advisor that will

You now have $30,000 you want to invest for the next thirty years. You are offered an investment plan from your financial advisor that will pay 5% per year compounded annually for the next 15 years and 8% per year compounded annually for the subsequent 15 years. How much will you have in thirty years? What would your answer be if these interest rates are compounded monthly?

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