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Brilliant_brown [7]
2 years ago
15

You have $7,863 you want to invest for the next 34 years. You are offered an investment plan that will pay you 11.8 percent per

year for the next 9 years and 19.2 percent per year for the remaining years. How much will you have at the end of the 34 years?
Business
1 answer:
Marianna [84]2 years ago
3 0

Answer:

$1731692.97

Explanation:

FV (end of 34 years) = (7863*(1.118)^9) * (1.192)^25 = $1731692.97

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