Question: You have $ 1 7 , 2 5 0 you want to invest for the next 2 2 years. You are offered an investment plan

You have $17,250 you want to invest for the next 22 years. You are offered an investment plan
that will pay you 7 percent per year for the next 11 years and 11 percent per year for the last 11
years.
a. How much will you have at the end of the 22 years?
Note: Do not round intermediate calculations and round your answer to 2 decimal
places, e.g.,32.16.
b. If the investment plan pays you 11 percent per year for the first 11 years and 7 percent per
year for the next 11 years, how much will you have at the end of the 22 years?
Note: Do not round intermediate calculations and round your answer to 2 decimal
places, e.g.,32.16.
a. Account value
b. Account value
 You have $17,250 you want to invest for the next 22

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