1. Business
  2. Finance
  3. you have 19000 you want to invest for the next...

Question: you have 19000 you want to invest for the next...

Question details

You have $19,000 you want to invest for the next 28 years. You are offered an investment plan that will pay you 8 percent per year for the next 14 years and 12 percent per year for the last 14 years.

How much will you have at the end of the 28 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Account value $

If the investment plan pays you 12 percent per year for the first 14 years and 8 percent per year for the next 14 years, how much will you have at the end of the 28 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Account value $

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution