How much will you have at the end of the 24 years

Reference no: EM13294706

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?

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?

Reference no: EM13294706

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