annuity funds

Project Description:

you have just graduate and plan to work for 10 years and then leave for europe. you figure you can save $4,000 per year for the fist 4 years and then $6,000 per year for the last 6 years. although, you will start working today, your savings will come in at the end of each year and will be placed in an account paying 10% interested compounded annually. in addition, your grandfather has given you a cash gift of $10,000 for graduation. you place it in another account today that will pay 20% interest semi-compounded annually. what will be the combined amount in your two accouns when you are ready to leave europe in 10 years time? please show how this was determine.
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Price Type: Negotiable

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