How much will you have at the end of the 22 years

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Reference no: EM131914916

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).)

Reference no: EM131914916

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