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Problem:

You have $7,863 you want to invest for the next 34 years. You are offered an investment plan that will pay you 11.8 percent per year for the next 9 years and 19.2 percent per year for the remaining years. How much will you have at the end of the 34 years?

Explain in detail and also show all work.

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  • Category:- Basic Finance
  • Reference No.:- M91147305

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