You have 19 750 you want to invest foe the next 22 years, Ask an Expert

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You have $19, 750 you want to invest foe the next 22 years You are offered an investment plan that will pay you 9 percent per year for the next 11 years and 13 percent per year for the last 11 years.

Requirement 1: How much will you have at the end of the 22 years? (Enter rounded answer as directed, but do not use rounded numbers in Intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Requirement 2: If the investment plan pays you 13 percent per year for the first 11 years and 9 percent per year for the next 11 years, how much will you have at the end of the 22 years? (Enter rounded answer as directed, but do not use rounded numbers In intermediate calculations. Round your answer to 2 decimal places (e g., 32.16).)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92753579

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