You have $5,000 you want to invest for the next 45 years. You are offered an investment plan that will pay you 6 percent per year for the next 15 years and 10 percent per year for the last 30 years. How much will you have at the end of the 45 years? How much will you have if the investment plan pays you 10 percent per year for the first 15 years and 6 percent per year for the next 30 years?
Answer
$201,516.38 ; $201,516.38
$209,092.54; $201,516.38
$209,092.54; $119,959.94
$209,092.54; $209,092.52
$221,408.97; $119,949.94