Question: a. You are saving for a big purchase that you plan to make in 10 years. You will invest 100,000 today and then you will

a. You are saving for a big purchase that you plan to make in 10 years. You will invest 100,000 today and then you will save 15,000 per year for the next ten years (first $15K investment will be made one year from now). If you expect to earn 6.5% on your investments, how much will you have in ten years b. Same question as above, but you expect to earn 5% for the next five years and 8% for the final five years. How much will you have at the end of ten years?

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