You have $16,250 you want to invest for the next 30 years. You are offered an in

Question

You have $16,250 you want to invest for the next 30 years. You are offered an investment plan that will pay you 7 percent per year for the next 15 years and 11 percent per year for the last 15 years. How much will you have at the end of the 30 years?
If the investment plan pays you 11 percent per year for the first 15 years and 7 percent per year for the next 15 years, how much will you have at the end of the 30 years?

Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
IF steps could please be showed.

Explanation / Answer

16250 * 7/100 * 15 = 17062.5 17062.5 * 11/100 * 15 = 28153.125 16250 * 11/100 * 15 = 26812.5 26812.5 * 7/100 * 15 = 28153.125 its the same amount in both cases

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