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You have $16,750 you want to invest for the next 26 years. You are offered an investment plan that will pay you 9 percent per year for the next 13 years and 13 percent per year for the last 13 years.
How much will you have at the end of the 26 years?
If the investment plan pays you 13 percent per year for the first 13 years and 9 percent per year for the next 13 years, how much will you have at the end of the 26 years?
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