Question: DO NOT ANSWER ON EXCEL! NO EXCEL! Q8) Suppose you invested $10,000 in the beginning of 2010. The fund grew at a constant rate of

DO NOT ANSWER ON EXCEL! NO EXCEL! Q8) Suppose you invested

DO NOT ANSWER ON EXCEL! NO EXCEL!

Q8) Suppose you invested $10,000 in the beginning of 2010. The fund grew at a constant rate of 6% till 2015. After 2015, the growth rates were as follow: a) Calculate the final wealth at the end of the 2020. b) Also calculate the present value of this final wealth. Year Growth Rate % 2016 6.5 2017 6.5 2018 6.5 2019 7.25 2020 7.5

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