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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.
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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?

User Brigadier Jigar
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1 Answer

3 votes

Answer:

$1731692.97

Step-by-step explanation:

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

User Carlos Sanchez
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5.7k points
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