End of the investment period

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How much money can be withdrawn at the end of the investment period if

a. $4,000 is invested at the end of each of 3 years at 5 percent/year compounded annually, with the lump sumthen shifted into an investment paying 8 percent/year for 5 additional years?

b. $12,000 is invested at the end of each of 10 years at 10 percent/year compounded annually, with the lump sumthen shifted into an investment paying 5 percent/year for 3 additional years?

c. $18,000 is invested at the end of each of 5 years at 9 percent/year compounded annually, with the lump sumthen shifted into an investment paying 7 percent/year for 8 additional years?

Reference no: EM13265446

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