Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you have $20,000 you want to invest for the next 4

You have $20,000 you want to invest for the next 40 years. You are offered...

80.2K

Verified Solution

Question

Accounting

image
You have $20,000 you want to invest for the next 40 years. You are offered an investment plan that will pay you 6 percent per year for the next 20 years and 12 percent per year for the last 20 years. a. How much will you have at the end of the 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the investment plan pays you 12 percent per year for the first 20 years and 6 percent per year for the next 20 years, how much will you have at the end of the 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Amount b. Amount

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In a common emitter transistor amplifier using output resistance of 5000 2 and input resistance...

Physics
Q

Find the area of a circle with a diameter of 16 meters Round your answer...

Geometry
Q

What are the solutions to the equation x2 x 12 0 3 and x 4...

Basic Math
Q

Exam circle graph to answer the question A library clas he the number of science...

Basic Math
Q

Leo's Lawn Mowing Service has $300 in start-up expenses, and charges $30 for each yard....

Basic Math
Q

A rock is being launched into the air 15 feet away from the launch site...

Calculus
Q

Find the Taylor series of the function f(z) = sinh(3z) at center 2Find...

Algebra
Q

a) What are the benefits of a flexible budget? b) Explain the...

Accounting
Q

Please answer carefully What are the three general factors that determine the fit...

Accounting
Q

Ryan files as head of household. In 2020, he pays $3,500 of interest on a...

Accounting
Q

Jan is unmarried and has no children, but she provides more than half of the...

Accounting
Q

help! I did some but got stuck. Saved Help...

Accounting