Question: please answer in full detail explain all steps a) You have 20000$ to invest for 15 years. Calculate the value of your investment in 15
a) You have 20000$ to invest for 15 years. Calculate the value of your investment in 15 years if the interest rate 8% (compound semi-annually) for 5 years, 6% (compound quarterly) during the following 5 years and 7% (compound annually) afterwards. b) You save 800$ at the end of each quarter for 10 years. What will be the future value of your savings, if the interest rate is 9% (compound semi-annually) during 5 years and 7% effective-annual during the 5 following years
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