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umka21 [38]
3 years ago
15

You have $19,750 you want to invest for the next 22 years. You are offered an investment plan that will pay you 9 percent per ye

ar for the next 11 years and 13 percent per year for the last 11 years. a. How much will you have at the end of the 22 years
Business
1 answer:
zheka24 [161]3 years ago
6 0

Answer:

$195,488.6

Explanation:

The computation of the amount at the end of the 22 years is shown below

The Amount at the end of 1st 11 years is

= Principal × (1 + interest rate)^number of years

= $19,750 × (1 + 0.09)^11

= $50,963.42  

Now the amount at the end of the last 11 years is

= $50,963.42 × (1 + 0.13)^11

= $195,488.6

hence, the value at the end of the 22 years is $195,488.60

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Given

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Solution

Profit = 5 - 4.10
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andriy [413]

Answer:

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<h3>Change of operation location from midwest to south</h3>

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This companies change their operation location because they want to reduce cost as their aims and objective is to generate or maximize profit.

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