Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you have $25,000 you want to invest for the next f

You have $25,000 you want to invest for the next fifty years. You...

90.2K

Verified Solution

Question

Accounting

image You have $25,000 you want to invest for the next fifty years. You are offered an investment plan that will pay you 4.0% per year for the next 25 years and 10.0% for the last 25 years. How much will you have in total at the end of 50 years? By the end of the 50 years your initial investment of $25,000 will have grown to a final total balance of $ (Round your answer to the nearest cent) (Your answer is probably going to be a long number. Be careful typing it in!)

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

Rules for positive definite matrix. What are they? My text book explains them in a very...

Advance Math
Q

In a closed, isolated system of particles, forces internal to the system do not change the...

Physics
Q

4 charges are fixed to the corners of a square of side .53 cm. Charge 1...

Physics
Q

For the following, assume air is an ideal gas with constant specific heats at 300K. Find...

Mechanical Engineering
Q

What is transcription The manufacture of a strand of RNA complementary to a strand of...

Biology
Q

Choose the correct answer Members who head the standing committees in each chamber are called...

Biology
Q

A broad beam of light is incident on a reflex surface If entire beam focuses...

Physics
Q

Each order of lasagna or ravioli at Casa Italia weighs 1 lb and consists ofmeat...

Basic Math
Q

The Environmental Protection agency requires that the exhaust of each model of motor vehicle be...

Basic Math
Q

The scatter plot below shows data relating competitive chess players ratings and their IQ Which...

Statistics
Q

To calculate cash flows on total assets, one must divide by average total assets. Cash...

Accounting
Q

Issue Price The following terms relate to independent bond issues: 670 bonds; $1,000 face value;...

Accounting