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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
You have $18,000 you want to invest for the next 36 years. You are offered an investment plan that will pay you 8 percent per year for the next 18 years and 12 percent per year for the last 18 years.
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| Requirement 1: | |
|
How much will you have at the end of the 36 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).) |
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| Amount | $ |
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| Requirement 2: |
|
If the investment plan pays you 12 percent per year for the first 18 years and 8 percent per year for the next 18 years, how much will you have at the end of the 36 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).) |
Â
| Amount | $ |
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