Question

You have $12,500 you want to invest for the next 20 years. You are offered an investment plan that will pay you 7 percent per year for the next 10 years and 9.5 percent per year for the last 10 years. How much will you have at the end of the 20 years?

A.) $60,938.11

B.) $151,018.51

C.) $55,234.72

D.) $70,938.11

Answer #1

Ans is A.) $60,938.11

Calculations-

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