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You have $19,500 you want to invest for the next 24 years. You are offered an investment plan that will pay you 6 percent per year for the next 12 years and 10 percent per year for the last 12 years.
How much will you have at the end of the 24 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Account value $
If the investment plan pays you 10 percent per year for the first 12 years and 6 percent per year for the next 12 years, how much will you have at the end of the 24 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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