You have $15,500 you want to invest for the next 36 years. You are ofered an investment plan that will pay you 6 percent per year for the next 18 years and 10 percent per year for the last 18 years. Requirement 1: How much will you have at the end of the 36 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) AmountRequirement 2: If the investment plan pays you 10 percent per year for the first 18 years and 6 percent per year for the next 18 years, how much will you have at the end of the 36 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount

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10-12-2022
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You have $15,500 you want to invest for the next 36 years. You are ofered an investment plan that will pay you 6 percent per year for the next 18 years and 10 percent per year for the last 18 years. Requirement 1: How much will you have at the end of the 36 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) AmountRequirement 2: If the investment plan pays you 10 percent per year for the first 18 years and 6 percent per year for the next 18 years, how much will you have at the end of the 36 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Amount

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varshamittal029 varshamittal029 · Answer 1 · 2022-12-17T08:40:56+01:00

We will have, $245,983.31 at the end of 36 years. If the investment plan pays you 10 percent per year for the first 18 years and 6 percent per year for the next 18 years, we will have, $245,983.29 at the end of 36 years.

A set of investing objectives and a strategy to achieve them make up an investment plan. Because they are inexperienced with the process, many people are hesitant to begin investing. Some investors experience financial losses when they enter the market without a plan. Investment plans help people make informed decisions and increase the likelihood of receiving favourable returns.

In the given question,

1) Future value at the end of 18 years = pv*(1 + 1)^n

= 15,500 (1 + 0.06)^18

= $44,242.26

Future value at the end of 36 years = pv*(1 + 1)^n

= 44,242.26 (1 + 0.10)^18

= $245,983.31

2) Future value at the end of 18 years = pv*(1 + 1)^n

= 15,500 (1 + 0.10)^18

= $86,178.72

Future value at the end of 36 years = pv*(1 + 1)^n

= 86,178.72 (1 + 0.06)^18

= $245,983.29

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