You have $30,000 that you want to invest in an online account for the next 10 years.

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You have $30,000 that you want to invest in an online account for the next 10 years. You are offeredan investment plan that will pay you 3% for the first 5 years and then 6% for the remaining 5 years.What will be the balance in your online account at the end of the 10 years? Assume that the interestrate is compounded semi-annually.

Posted Date: May 18, 2024 11:17 PM

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You have $30,000 that you want to invest in an online account for the next 10 years.

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