Business, 03.04.2020 17:00 341404143

You have $16,500 you want to invest for the next 28 years. You are offered an investment plan that will pay you 6 percent per year for the next 14 years and 10 percent per year for the last 14 years. Requirement 1: How much will you have at the end of the 28 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).) Amount $

Requirement 2: If the investment plan pays you 10 percent per year for the first 14 years and 6 percent per year for the next 14 years, how much will you have at the end of the 28 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).) Amount $

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You have $16,500 you want to invest for the next 28 years. You are offered an investment plan that w...

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