Dixon shuttleworth has a large sum of money that he wants

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Dixon Shuttleworth has a large sum of money that he wants to invest to finance his retirement. He has been presented with three options. The first investment offers a 5% return for the first five years, a 10% return for the next five years, and a 20% return thereafter. The second investment offers 10% for the first ten years and 15% thereafter. The third investment offers a constant 12% rate of return. Determine which of these investments is the best for Dixon if he plans to retire in the following number of years.

Reference no: EM13480928

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