You have $15,250 you want to invest for the next 38 years. You are offered an...

 

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You have $15,250 you want to invest for the next 38 years. You are offered an investment plan that will pay you 7 percent per year for the next 19 years and 11 percent per year for the last 19 years. Requirement 1: How much will you have at the end of the 38 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount Requirement 2: $ If the investment plan pays you 11 percent per year for the first 19 years and 7 percent per year for the next 19 years, how much will you have at the end of the 38 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount S You have $15,250 you want to invest for the next 38 years. You are offered an investment plan that will pay you 7 percent per year for the next 19 years and 11 percent per year for the last 19 years. Requirement 1: How much will you have at the end of the 38 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount Requirement 2: $ If the investment plan pays you 11 percent per year for the first 19 years and 7 percent per year for the next 19 years, how much will you have at the end of the 38 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount S

Answer rating: 100% (QA)

Requirement 1 To calculate the future value of the investment plan where the first 19 years pay 7 pe... View the full answer